ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Amendment under Finance Act 2015 with regards to TDS on Interest Paid by Cooperative Banks applies Prospectively from 1 june 2015 : ITAT Remands Matter to AO for Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Amendment-under-Finance-Act-2015-with-regards-to-TDS-on-Interest-Paid-by-Cooperative-Banks-applies-Prospectively-ITAT-Remands-Matter-to-AO-for-Re-adjudication-TAXSCAN.jpeg "Amendment under Finance Act 2015 with regards to TDS on Interest Paid by Cooperative Banks applies Prospectively from 1 june 2015 : ITAT Remands Matter to AO for Re-adjudication [Read Order]")
Amendment under Finance Act 2015 with regards to TDS on Interest Paid by Cooperative Banks applies Prospectively from 1 june 2015 : ITAT Remands Matter to AO for Re-adjudication [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that amendment made by the Finance Act 2015 is prospective in nature and applicable...
![Addition u/s 68 unjustified for the credit worthiness of a person having sufficient funds to lend money to others cannot be doubted: ITAT upholds order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Addition-unjustified-for-the-credit-worthiness-of-a-person-having-sufficient-funds-to-lend-money-doubted-ITAT-upholds-order-of-CITA-TAXSCAN.jpg "Addition u/s 68 unjustified for the credit worthiness of a person having sufficient funds to lend money to others cannot be doubted: ITAT upholds order of CIT(A) [Read Order]")
![Failure of Assessee to Furnish any Evidence to Support Claim of Deduction u/s 54F of Income Tax Act: ITAT Remands Matter to AO for Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-of-Assessee-to-Furnish-any-Evidence-to-Support-Claim-of-Deduction-Income-Tax-Act-ITAT-Remands-Matter-to-AO-for-Re-adjudication-TAXSCAN.jpg "Failure of Assessee to Furnish any Evidence to Support Claim of Deduction u/s 54F of Income Tax Act: ITAT Remands Matter to AO for Re-adjudication [Read Order]")
![Addition on Unexplained Expenditure of Income not Justifiable when Income is Estimated u/s 44 AD of Income Tax Act: ITAT Deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Addition-on-Unexplained-Expenditure-of-Income-not-Justifiable-when-Income-is-Estimated-Income-Tax-Act-ITAT-Deletes-Income-Tax-Addition-TAXSCAN.jpg "Addition on Unexplained Expenditure of Income not Justifiable when Income is Estimated u/s 44 AD of Income Tax Act: ITAT Deletes Income Tax Addition [Read Order]")
Consideration paid by Assessee outside India for Candidate's Report don't fall within purview of Royalty under Article 13 of India-UK DTAA: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the consideration paid by the assessee outside India for the candidate’s report does not fall within the purview of royalty under...
![Consideration paid by Assessee outside India for Candidates Report dont fall within purview of Royalty under Article 13 of India-UK DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Consideration-paid-by-Assessee-outside-India-for-Candidates-Report-purview-of-Royalty-India-UK-DTAA-ITAT-TAXSCAN.jpg "Consideration paid by Assessee outside India for Candidates Report dont fall within purview of Royalty under Article 13 of India-UK DTAA: ITAT [Read Order]")
Dividend Income not to be Included in Total Income and is Exempt from Tax when the Shares are Held as "Stock-in-trade": ITAT upholds Application of Section 14A of Income Tax Act [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that Section 14A of Income Tax Act,1961 applies when shares are held as “stock -in-trade” for the purpose to trade in those shares and...
![Dividend Income not to be Included in Total Income and is Exempt from Tax when the Shares are Held as Stock-in-trade: ITAT upholds Application of Section 14A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Dividend-Income-Total-Income-and-is-Exempt-from-Tax-when-the-Shares-Stock-in-trade-ITAT-upholds-Application-Income-Tax-Act-.jpg "Dividend Income not to be Included in Total Income and is Exempt from Tax when the Shares are Held as Stock-in-trade: ITAT upholds Application of Section 14A of Income Tax Act [Read Order]")
AO cannot Reject Valuation of Share Merely Based on Absence of DCF Method in rule 11UA at the time of Issuance of Shares: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the Assessing Officer (AO) could not reject the valuation report of share merely based on the absence of DCF method in rule 11UA...
![AO cannot Reject Valuation of Share Merely Based on Absence of DCF Method in rule 11UA at the time of Issuance of Shares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/AO-cannot-Reject-Valuation-of-Share-Merely-Based-on-Absence-of-DCF-Method-time-of-Issuance-of-Shares-ITAT-TAXSCAN.jpg "AO cannot Reject Valuation of Share Merely Based on Absence of DCF Method in rule 11UA at the time of Issuance of Shares: ITAT [Read Order]")
ITAT upholds Addition u/s 56(2) (viib) of Income Tax Act as Share Premium Received by was in Excess of Fair Market Value of Share [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has upheld the addition under Section 56(2) (viib) of the Income Tax Act as the share premium received by the company was in excess of the...
![ITAT upholds Addition u/s 56(2) (viib) of Income Tax Act as Share Premium Received by was in Excess of Fair Market Value of Share [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-upholds-Addition-income-Tax-Act-as-Share-Premium-Received-by-was-in-Excess-of-Fair-Market-Value-of-Share-TAXSCAN.jpg "ITAT upholds Addition u/s 56(2) (viib) of Income Tax Act as Share Premium Received by was in Excess of Fair Market Value of Share [Read Order]")
Deduction towards Remuneration of Partners, Not covered within Scope of "Limited Scrutiny": ITAT Quashes Revision Order [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) quashed the revision order on the ground of deduction made towards the remuneration of partners which was not covered within the scope of...
![Deduction towards Remuneration of Partners, Not covered within Scope of Limited Scrutiny: ITAT Quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Deduction-towards-Remuneration-of-Partners-Not-covered-within-Scope-of-Limited-Scrutiny-ITAT-Quashes-Revision-Order-TAXSCAN.jpg "Deduction towards Remuneration of Partners, Not covered within Scope of Limited Scrutiny: ITAT Quashes Revision Order [Read Order]")
ITAT Directs Revision as no Fault could be Found in the Observation that the Assessment was Framed without Making due enquires [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that no fault could be found in the observation that the assessment was framed without making due enquiries. In such a case,...
![ITAT Directs Revision as no Fault could be Found in the Observation that the Assessment was Framed without Making due enquires [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-directs-revision-found-in-the-observation-assessment-was-framed-without-making-due-enquires-TAXSCAN.jpg "ITAT Directs Revision as no Fault could be Found in the Observation that the Assessment was Framed without Making due enquires [Read Order]")
Central Govt extends Vice President G S Pannu's Tenure as ITAT President for 6 More Months [Read Order]
According to a notification from the Central Government with reference to F. No. A-12023(1)/15/2016-Admn.III (LA), Vice President G S Pannu's term as President of the Income Tax Appellate Tribunal...
![Central Govt extends Vice President G S Pannus Tenure as ITAT President for 6 More Months [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Central-Govt-Vice-President-G-S-Pannus-Tenure-ITAT-President-6-More-Months-TAXSCAN.jpg "Central Govt extends Vice President G S Pannus Tenure as ITAT President for 6 More Months [Read Order]")