ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Addition in 153A assessment of an unabated assessment can be made on the basis of incriminating material only: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Addition-assessment-of-an-unabated-assessment-basis-of-incriminating-material-only-ITAT-deletes-addition-TAXSCAN.jpg "Addition in 153A assessment of an unabated assessment can be made on the basis of incriminating material only: ITAT deletes addition [Read Order]")
Addition in 153A assessment of an unabated assessment can be made on the basis of incriminating material only: ITAT deletes addition [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the additions made by the Assessing Officer in both the years under...
![FMV of Agricultural Land to be Determined according to the Guidelines of the FY in which assessee Received Entire Amount of Sale Consideration: ITAT Dismisses Revenue Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/FMV-of-Agricultural-Land-to-be-Determined-according-Guidelines-of-the-FY-in-which-assessee-Received-Entire-Amount-of-Sale-Consideration-ITAT-Dismisses-Revenue-Appeal-TAXSCAN.jpg "FMV of Agricultural Land to be Determined according to the Guidelines of the FY in which assessee Received Entire Amount of Sale Consideration: ITAT Dismisses Revenue Appeal [Read Order]")
![Income by way of Statutory Contribution received from recognized Stock Exchange is eligible for exemption u/s 10 (23EC) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-by-way-of-Statutory-Contribution-received-from-recognized-Stock-Exchange-is-eligible-for-exemption-Income-Tax-Act-ITAT-TAXSCAN.jpg "Income by way of Statutory Contribution received from recognized Stock Exchange is eligible for exemption u/s 10 (23EC) of Income Tax Act: ITAT [Read Order]")
![Relief to Jaypee Cement: ITAT deletes Penalty of Rs.132 Cr. imposed for Misreported Income due to mistake of Tax Auditor [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Relief-to-Jaypee-Cement-ITAT-deletes-Penalty-imposed-for-Misreported-Income-due-to-mistake-of-Tax-Auditor-TAXSCAN.jpg "Relief to Jaypee Cement: ITAT deletes Penalty of Rs.132 Cr. imposed for Misreported Income due to mistake of Tax Auditor [Read Order]")
Filing of Confirmation, Affidavit, Bank Statement and Marking of Personal Presence is Sufficient to Consider Genuineness of Depositors: ITAT Deletes Addition u/s 68 of Income Tax Act [Read Order]
The Jodhpur Bench of Income Tax Appellate Tribunal (ITAT) has deleted addition under Section 68 of the Income Tax Act 1961, as the filing of confirmation, affidavit, bank statement and making...
![Filing of Confirmation, Affidavit, Bank Statement and Marking of Personal Presence is Sufficient to Consider Genuineness of Depositors: ITAT Deletes Addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Filing-of-Confirmation-Affidavit-Bank-Statement-and-Marking-of-Personal-Presence-is-Sufficient-to-Consider-Genuineness-of-Depositors-ITAT-Deletes-Addition-Income-Tax-Act-TAXSCAN.jpg "Filing of Confirmation, Affidavit, Bank Statement and Marking of Personal Presence is Sufficient to Consider Genuineness of Depositors: ITAT Deletes Addition u/s 68 of Income Tax Act [Read Order]")
Income Towards Discount and Incentives to be Assessed under Head Income from Business and Profession if Books of Account is Linked to Business: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that the nature and source of credit found in the books of accounts of the assessee is linked to business, then any income generated out...
![Income Towards Discount and Incentives to be Assessed under Head Income from Business and Profession if Books of Account is Linked to Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Towards-Discount-and-Incentives-Assessed-under-Head-Income-from-Business-and-Profession-if-Books-of-Account-is-Linked-to-Business-ITAT-TAXSCAN.jpg "Income Towards Discount and Incentives to be Assessed under Head Income from Business and Profession if Books of Account is Linked to Business: ITAT [Read Order]")
ITAT deletes TP Adjustment by TPO towards Payment of Royalty on Technology paid to Cadbury Adams USA LLC, and Cadbury Enterprises Pte Ltd [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the Transfer Pricing (TP) adjustment by the Transfer Pricing Officer (TPO) towards the payment of royalty on technology paid to...
![ITAT deletes TP Adjustment by TPO towards Payment of Royalty on Technology paid to Cadbury Adams USA LLC, and Cadbury Enterprises Pte Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-TP-Adjustment-by-TPO-towards-Payment-Royalty-on-Technology-paid-to-Cadbury-Adams-USA-LLC-Cadbury-Enterprises-Pte-Ltd.jpg "ITAT deletes TP Adjustment by TPO towards Payment of Royalty on Technology paid to Cadbury Adams USA LLC, and Cadbury Enterprises Pte Ltd [Read Order]")
TDS u/s 194C(2) Not applicable when No Contractual or Sub-Contractual Relationship exists between JV and its Constituencies: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the tax deducted at source under Section 194C(2) of the Income Tax Act, 1961 shall not be applicable when there is no...
![TDS u/s 194C(2) Not applicable when No Contractual or Sub-Contractual Relationship exists between JV and its Constituencies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/TDS-applicable-when-No-Contractual-or-Sub-Contractual-Relationship-exists-between-JV-and-its-Constituencies-ITAT-TAXSCAN.jpg "TDS u/s 194C(2) Not applicable when No Contractual or Sub-Contractual Relationship exists between JV and its Constituencies: ITAT [Read Order]")
No Disallowance u/s 37 of Income Tax Act can be made on Expenditure of Advertisement and Sales Promotion in Absence of Evidence that Benefit Third Party: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that in absence of any evidence placed by the Assesing Officer(AO) that the expenditure of Advertisement and Sales Promotion has resulted...
![No Disallowance u/s 37 of Income Tax Act can be made on Expenditure of Advertisement and Sales Promotion in Absence of Evidence that Benefit Third Party: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Disallowance-Income-Tax-Act-Expenditure-Advertisement-and-Sales-Promotion-Absence-of-Evidence-that-Benefit-Third-Party-ITAT.jpg "No Disallowance u/s 37 of Income Tax Act can be made on Expenditure of Advertisement and Sales Promotion in Absence of Evidence that Benefit Third Party: ITAT [Read Order]")
![ESOP is Revenue Expenditure: ITAT Deletes Disallowance Against Cleartrip [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ESOP-is-Revenue-Expenditure-ITAT-Deletes-Disallowance-Against-Cleartrip-TAXSCAN.jpg "ESOP is Revenue Expenditure: ITAT Deletes Disallowance Against Cleartrip [Read Order]")
