ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Interest received by Cooperative Societies from Cooperative Banks Eligible for Deduction under Section 80P of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Interest-received-by-Cooperative-Societies-Cooperative-Banks-Eligible-for-Deduction-Income-Tax-ITAT-TAXSCAN.jpg "Interest received by Cooperative Societies from Cooperative Banks Eligible for Deduction under Section 80P of Income Tax: ITAT [Read Order]")
Interest received by Cooperative Societies from Cooperative Banks Eligible for Deduction under Section 80P of Income Tax: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the interest received by the cooperative societies from cooperative banks is...
![Non-Awareness of Tax Payment: ITAT deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-Awareness-of-Tax-Payment-ITAT-deletes-Penalty-Income-Tax-Act-TAXSCAN.jpg "Non-Awareness of Tax Payment: ITAT deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]")
![Non-Responding and Non-Complaining before PCIT when issue Restored to AO for Proper Enquiries cannot make Revision Illegal and not Maintainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Non-Responding-and-Non-Complaining-before-PCIT-when-issue-Restored-Proper-Enquiries-Revision-Illegal-Maintainable-ITAT-TAXSCAN.jpg "Non-Responding and Non-Complaining before PCIT when issue Restored to AO for Proper Enquiries cannot make Revision Illegal and not Maintainable: ITAT [Read Order]")
![Claim of Deduction by Mistake against Other Property which was otherwise Considerable: ITAT Allows Deduction as to Cost of Improvement u/s 48(ii) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Claim-of-Deduction-by-Mistake-Property-otherwise-Considerable-ITAT-Allows-Deduction-Cost-of-Improvement-.jpg "Claim of Deduction by Mistake against Other Property which was otherwise Considerable: ITAT Allows Deduction as to Cost of Improvement u/s 48(ii) [Read Order]")
![ITAT upholds Addition on LTCG u/s 50C based on Unregistered Deeds merely Entered in Judicial Stamp Papers [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-Addition-on-LTCG-Unregistered-Deeds-merely-Entered-in-Judicial-Stamp-Papers-TAXSCAN.jpg "ITAT upholds Addition on LTCG u/s 50C based on Unregistered Deeds merely Entered in Judicial Stamp Papers [Read Order]")
Rejection to Claim of Exemption u/s 80G of Income Tax Act by Charitable Trust due to Failure to Respond to Notice Issued: ITAT restores matter to CIT(E) for Re-adjudication [Read Order]
The Delhi Bench of Income tax Appellate Tribunal (ITAT) held that assessee has sufficient cause in not responding to the notices issued by the Commissioner of Income Tax (Exemption) [CIT(E)], thus...
![Rejection to Claim of Exemption u/s 80G of Income Tax Act by Charitable Trust due to Failure to Respond to Notice Issued: ITAT restores matter to CIT(E) for Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Rejection-to-Claim-of-Exemption-Income-Tax-Act-by-Charitable-Trust-due-to-Failure-to-Respond-to-Notice-Issued-ITAT-Restores-Matter-to-CITE-for-Re-adjudication-TAXSCAN.jpg "Rejection to Claim of Exemption u/s 80G of Income Tax Act by Charitable Trust due to Failure to Respond to Notice Issued: ITAT restores matter to CIT(E) for Re-adjudication [Read Order]")
No Direction to Refund of Income Tax as the tax Amount already Realised from Account of Co-operative Society: Kerala HC directs to Dispose Appeal Expeditiously [Read Order]
The Kerala High Court directed to dispose appeal expeditiously as direction cannot be given to refund income tax as the tax amount was already realised from the account of the assessee, the...
![No Direction to Refund of Income Tax as the tax Amount already Realised from Account of Co-operative Society: Kerala HC directs to Dispose Appeal Expeditiously [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/No-Direction-to-Refund-Income-Tax-Co-operative-Society-Kerala-HC-Appeal-Dispose-TAXSCAN.jpg "No Direction to Refund of Income Tax as the tax Amount already Realised from Account of Co-operative Society: Kerala HC directs to Dispose Appeal Expeditiously [Read Order]")
Inability to Produce parties of Bogus Purchases and Requesting AO for Additions to Returned Income: ITAT restricted Addition from 12.5% to 6% [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) restricted the addition from 12.5% to 6% due to the inability to produce the parties of bogus purchases and requests made to the Assessing...
![Inability to Produce parties of Bogus Purchases and Requesting AO for Additions to Returned Income: ITAT restricted Addition from 12.5% to 6% [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Inability-Produce-parties-of-Bogus-Purchases-Requesting-Returned-Income-ITAT-restricted-TAXSCAN.jpg "Inability to Produce parties of Bogus Purchases and Requesting AO for Additions to Returned Income: ITAT restricted Addition from 12.5% to 6% [Read Order]")
Appeal filed in Delay of 324 days having lost in Consequential Proceedings: ITAT dismissed Delay Condonation in Interest of Public [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) dismissed the delay condonation in the interest of the public and held that the appeal was filed in a delay of 324 days having lost the...
![Appeal filed in Delay of 324 days having lost in Consequential Proceedings: ITAT dismissed Delay Condonation in Interest of Public [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Appeal-Delay-Consequential-Proceedings-ITAT-Delay-Condonation-in-Interest-of-Public-Interest-Public-TAXSCAN.jpg "Appeal filed in Delay of 324 days having lost in Consequential Proceedings: ITAT dismissed Delay Condonation in Interest of Public [Read Order]")
Payment by Builder/ Developer for Compensation/Damages to Allottees is not Interest u/s 2(28) of Income Tax Act, No TDS: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held the compensation/damages paid by the assessee to its allottees cannot be tagged as interest under Section 2(28A) of the Income Tax...
![Payment by Builder/ Developer for Compensation/Damages to Allottees is not Interest u/s 2(28) of Income Tax Act, No TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Payment-Builder-Developer-for-Compensation-Damages-to-Allottees-Interest-Income-Tax-Act-TDS-ITAT-TAXSCAN.jpg "Payment by Builder/ Developer for Compensation/Damages to Allottees is not Interest u/s 2(28) of Income Tax Act, No TDS: ITAT [Read Order]")
Failure of PCIT to Furnish Investigation Report or other Regulators in Respect of Scrips Dealt by the Assessee: ITAT quashes Revision Order [Read Order]
The Gauhati Bench of Income Tax Appellate Tribunal (ITAT) held that Principal Commissioner of Income Tax [PCIT] in his order has no where recorded about any investigation report or reports of other...
![Failure of PCIT to Furnish Investigation Report or other Regulators in Respect of Scrips Dealt by the Assessee: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-of-PCIT-to-Furnish-Investigation-Report-Regulators-in-Respect-of-Scrips-Dealt-Assessee-ITAT-quashes-Revision-Order-TAXSCAN.jpg "Failure of PCIT to Furnish Investigation Report or other Regulators in Respect of Scrips Dealt by the Assessee: ITAT quashes Revision Order [Read Order]")
Exclusion of OTL Comparable while Benchmarking Engineering, Technical and Inspection Segment which was Accepted by the TPO: Delhi HC directs ITAT to Decide u/s 254
The Delhi High court has directed the Income Tax Appellate Tribunal (ITAT) to decide the issue under Section 254 of Income Tax Act 1961 on exclusion of Onward Technologies Limited (OTL) comparable...
