ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Failure to Furnish Purchaser Company Confirmation and Documentary Evidence on Conveyance Deed: ITAT upholds Addition on Capital Gain on Slump Sale of Sugar Unit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-to-Furnish-Purchaser-Company-Confirmation-and-Documentary-Evidence-on-Conveyance-Deed-ITAT-upholds-Addition-on-Capital-Gain-on-Slump-Sale-of-Sugar-Unit-TAXSCAN-.jpg "Failure to Furnish Purchaser Company Confirmation and Documentary Evidence on Conveyance Deed: ITAT upholds Addition on Capital Gain on Slump Sale of Sugar Unit [Read Order]")
Failure to Furnish Purchaser Company Confirmation and Documentary Evidence on Conveyance Deed: ITAT upholds Addition on Capital Gain on Slump Sale of Sugar Unit [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the addition of capital gain on slump sale of sugar unit on failure to furnish...
![ITAT deletes Penalty u/s 271AAA of Income Tax Act Due to Lack of Opportunity to Explain Undisclosed Income Source During Search Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-deletes-Income-Tax-Act-Due-to-Lack-of-Opportunity-to-Explain-Undisclosed-Income-Source-During-Search-Proceedings-TAXSCAN.jpg "ITAT deletes Penalty u/s 271AAA of Income Tax Act Due to Lack of Opportunity to Explain Undisclosed Income Source During Search Proceedings [Read Order]")
![Rectified Partnership Deed cannot be Invalid when Stamp Paper was issued on Prior Date: ITAT directs AO Verification of Rectified Deed [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Rectified-Partnership-Deed-Invalid-when-Stamp-Paper-was-issued-on-Prior-Date-ITAT-directs-AO-Verification-of-Rectified-Deed-TAXSCAN.jpg "Rectified Partnership Deed cannot be Invalid when Stamp Paper was issued on Prior Date: ITAT directs AO Verification of Rectified Deed [Read Order]")
![Assessee Discharged Burden u/s 68 and Furnished Written Submission to AO: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessee-Discharged-Burden-Furnished-Written-Submission-to-AO-ITAT-deletes-Addition-TAXSCAN.jpg "Assessee Discharged Burden u/s 68 and Furnished Written Submission to AO: ITAT deletes Addition [Read Order]")
![Transaction of shares not being in penny stocks cant be covered by CBDT Circular: ITAT upholds order of DCIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Transaction-of-shares-not-being-in-penny-stocks-covered-by-CBDT-Circular-ITAT-upholds-order-of-DCIT-TAXSCAN.jpg "Transaction of shares not being in penny stocks cant be covered by CBDT Circular: ITAT upholds order of DCIT [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 only from 1 June 2015, and thus remitted the...
![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]")
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]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the onus which lays upon the assessee to explain that the entries made are real and not fictitious, has been duly discharged. ...
![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]
The Hyderabad Bench of Income Tax held that the assessee was not present before the Commissioner of Income Tax Appeals [CIT(A)] in the appellate proceedings and has not filed any document to...
![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]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that addition under Section 69 of the Income Tax Act was not justifiable when the income was estimated under Section 44 A.D of the...
![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]")