ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Receipt of Compensation for Hardship is in Nature of Capital Receipt and shall not be liable to Tax: ITAT deletes Addition made on corpus fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Receipt-of-Compensation-Capital-Receipt-ITAT-deletes-Addition-TAXSCAN.jpg "Receipt of Compensation for Hardship is in Nature of Capital Receipt and shall not be liable to Tax: ITAT deletes Addition made on corpus fund [Read Order]")
Receipt of Compensation for Hardship is in Nature of Capital Receipt and shall not be liable to Tax: ITAT deletes Addition made on corpus fund [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made on the corpus fund and held that the receipt of compensation...
![Ex-Parte order passed for Non-Appearance of Assessee: ITAT grants another opportunity giving relief to Oriental Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Oriental-Bank-site-img.jpg "Ex-Parte order passed for Non-Appearance of Assessee: ITAT grants another opportunity giving relief to Oriental Bank [Read Order]")
![Failure of AO to conduct an Independent Investigation: ITAT deletes Addition u/s 68 made on Presumptions and Conjectures [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Failure-of-AO-ITAT-deletes-Addition-Presumptions-and-Conjectures-Income-Tax-Appellate-Tribunal-Assessing-Officer-taxscan.jpg "Failure of AO to conduct an Independent Investigation: ITAT deletes Addition u/s 68 made on Presumptions and Conjectures [Read Order]")
Expenditure pertaining to Consultancy fees can be treated as Revenue Expenditure are eligible for deduction u/s. 37(1) of Income Tax Act: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the expenditure of consultancy fees can be treated as revenue expenditure and is eligible for the deduction under section 37 (1)...
![Expenditure pertaining to Consultancy fees can be treated as Revenue Expenditure are eligible for deduction u/s. 37(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Expenditure-pertaining-Consultancy-fees-Revenue-Expenditure-Income-Tax-Act-ITAT-Income-Appellate-taxscan-1.jpg "Expenditure pertaining to Consultancy fees can be treated as Revenue Expenditure are eligible for deduction u/s. 37(1) of Income Tax Act: ITAT [Read Order]")
ITAT deletes addition made on account of notional ALV on unsold flats held as stock-in-trade [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, deleted the addition made on account of the notional Annual Letting Value (ALV) on unsold flats held as stock-in-trade. The bench observed that...
![ITAT deletes addition made on account of notional ALV on unsold flats held as stock-in-trade [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Income-Tax-Appellate-Tribunal-stock-in-trade-notional-ALV-notional-Annual-Letting-Value-business-income-Taxscan.jpg "ITAT deletes addition made on account of notional ALV on unsold flats held as stock-in-trade [Read Order]")
No computation of fee u/s.234E of Income Tax Act for Delayed filing of return of TDS prior to 01.06.2015: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the computation of fee under section 234E of the Income Tax Act,1961 cannot be done for delayed filing of return of Tax...
![No computation of fee u/s.234E of Income Tax Act for Delayed filing of return of TDS prior to 01.06.2015: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/computation-of-fee-Income-Tax-Act-Delayed-filing-Tax-Deducted-at-Source-ITAT-TDS-Tax-Deducted-TAX-Tax-ACT-TAXSCAN.jpg "No computation of fee u/s.234E of Income Tax Act for Delayed filing of return of TDS prior to 01.06.2015: ITAT [Read Order]")
AO’s failure to conduct Independent Enquiry in respect of deposit in bank account for issuance of Demand Draft in favour of Indian Oil Corporation: ITAT deletes addition
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, while deleting the addition made by the Assessing Officer (AO), held that the AO failed to conduct an independent inquiry in respect of the...
Delay of Filing Appeal can be Condoned when there is sufficient cause for not filing appeal within period of limitation: ITAT condones delay of 438 days [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the delay of filing an appeal can be condoned when there was any sufficient and reasonable cause on the part of the assessee...
![Delay of Filing Appeal can be Condoned when there is sufficient cause for not filing appeal within period of limitation: ITAT condones delay of 438 days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/condoned-ITAT-Income-Tax-Appellate-Tribunal-assessee-limitation-Appeal-Filing-taxcsan.jpg "Delay of Filing Appeal can be Condoned when there is sufficient cause for not filing appeal within period of limitation: ITAT condones delay of 438 days [Read Order]")
CPC can't make an Addition u/s 50C of Income Tax Act without giving proper opportunity to Assessee: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the Centralized Processing Centre (CPC) cannot make an addition under Section 50C of the Income Tax Act, 1961 without giving a...
![CPC cant make an Addition u/s 50C of Income Tax Act without giving proper opportunity to Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/CPC-ITAT-Centralized-Processing-Centre-Income-Tax-Act-Assessee-opportunity-Income-TAXSCAN.jpg "CPC cant make an Addition u/s 50C of Income Tax Act without giving proper opportunity to Assessee: ITAT [Read Order]")