ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Disallowance made by AO u/s 40(a)(ia) for non-deduction of TDS and recovery of rent from assessee by holding company are not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-AO-non-deduction-of-TDS-and-recovery-of-rent-from-assessee-by-holding-company-sustainable-ITAT-TAXSCAN.jpg "Disallowance made by AO u/s 40(a)(ia) for non-deduction of TDS and recovery of rent from assessee by holding company are not sustainable: ITAT [Read Order]")
Disallowance made by AO u/s 40(a)(ia) for non-deduction of TDS and recovery of rent from assessee by holding company are not sustainable: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that Disallowance made by AO under Section 40(a)(ia) of the Income Tax Act for...
![Income earned from providing IT services to Indian customers is taxable in India due to use of service in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-earned-from-providing-IT-services-to-Indian-customers-is-taxable-India-due-service-in-India-ITAT-TAXSCAN.jpg "Income earned from providing IT services to Indian customers is taxable in India due to use of service in India: ITAT [Read Order]")
![ITAT directs Readjudication in respect of deletion of Addition by CIT(A) made towards High Sea sales without giving proper Reasons [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-Readjudication-deletion-of-Addition-by-CITA-High-Sea-sales-ITAT-taxscan.jpg "ITAT directs Readjudication in respect of deletion of Addition by CIT(A) made towards High Sea sales without giving proper Reasons [Read Order]")
![Investments that had yielded exempt Income shall be considered for purpose of working out Disallowance under rule 8D(2): ITAT grants Relief to Aditya Birla [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Investments-yielded-exempt-Income-considered-for-purpose-of-working-out-Disallowance-ITAT-Aditya-Birla-TAXSCAN.jpg "Investments that had yielded exempt Income shall be considered for purpose of working out Disallowance under rule 8D(2): ITAT grants Relief to Aditya Birla [Read Order]")
Escapement Of Income not Reflected and Material Facts truly and Fully discussed at the time of Original Assessment: ITAT Sets aside Reopening after 4 years [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has set aside the reopening done after 4 years as the escapement of income was not reflected and material facts were truly and fully...
![Escapement Of Income not Reflected and Material Facts truly and Fully discussed at the time of Original Assessment: ITAT Sets aside Reopening after 4 years [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Escapement-Of-Income-not-Reflected-and-Material-Facts-truly-and-Fully-discussed-time-of-Original-Assessment-ITAT-Reopening-TAXSCAN.jpg "Escapement Of Income not Reflected and Material Facts truly and Fully discussed at the time of Original Assessment: ITAT Sets aside Reopening after 4 years [Read Order]")
Allegation of Price Manipulation on Purchase and Sale of Shares on Stock Exchange through SEBI: ITAT deletes Addition u/s 68 and Disallowance of Exemption of LCG [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition under Section 68 of the Income Tax Act 1961, and disallowance of Long-term Capital Gains (LCG) the allegation of...
![Allegation of Price Manipulation on Purchase and Sale of Shares on Stock Exchange through SEBI: ITAT deletes Addition u/s 68 and Disallowance of Exemption of LCG [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Allegation-of-Price-Manipulation-on-Purchase-and-Sale-of-Shares-on-Stock-Exchange-through-SEBI-ITAT-Disallowance-of-Exemption-of-LCG-TAXSCAN.jpg "Allegation of Price Manipulation on Purchase and Sale of Shares on Stock Exchange through SEBI: ITAT deletes Addition u/s 68 and Disallowance of Exemption of LCG [Read Order]")
ITAT directs AO to allow Indexation on cost of acquisition and improvement while Computing Long term capital gain for Computation done separately makes assessee Pay additional Tax [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) helx that even if capital gain computed on the land and on the buiing separately as a long term capital asset and as a short term capital...
![ITAT directs AO to allow Indexation on cost of acquisition and improvement while Computing Long term capital gain for Computation done separately makes assessee Pay additional Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-AO-to-indexation-on-cost-of-acquisition-and-improvement-while-computing-long-term-capital-gain-for-computation-separately-pay-additional-tax-TAXSCAN.jpg "ITAT directs AO to allow Indexation on cost of acquisition and improvement while Computing Long term capital gain for Computation done separately makes assessee Pay additional Tax [Read Order]")
Failure to follow proper procedure to serving notice for assessment proceedings: ITAT deletes Penalty imposed u/s 271(1)(b) of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench has deleted the penalty imposed under Section 271(1)(b) of the Income Tax Act, 1961 due to failure to follow proper procedure to serve notice for...
![Failure to follow proper procedure to serving notice for assessment proceedings: ITAT deletes Penalty imposed u/s 271(1)(b) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Failure-to-follow-proper-procedure-to-serving-notice-assessment-proceedings-ITAT-deletes-penalty-Income-Tax-Act-TAXSCAN.jpg "Failure to follow proper procedure to serving notice for assessment proceedings: ITAT deletes Penalty imposed u/s 271(1)(b) of Income Tax Act [Read Order]")
Income from Nursery Activities of growing various types of Lawns, Flower Plants and Vegetable Plants is Agricultural Income, not Business Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad bench held that income from engaging in nursery activities of growing various types of lawns, flower plants and vegetables plants is agricultural...
![Income from Nursery Activities of growing various types of Lawns, Flower Plants and Vegetable Plants is Agricultural Income, not Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-from-Nursery-Activities-of-growing-various-types-of-Lawns-Flower-Plants-and-Vegetable-Plants-is-Agricultural-Income-Business-Income-ITAT-TAXSCAN.jpg "Income from Nursery Activities of growing various types of Lawns, Flower Plants and Vegetable Plants is Agricultural Income, not Business Income: ITAT [Read Order]")
Income Received on Redemption of FCCBs Issued by Resident Company Chargeable to Tax in Hands of Ultimate Beneficiaries, not Trustees of Bonds: ITAT quashes Reassessment Proceedings Against Non-Resident Trustee Company
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that income received on redemption of Foreign Convertible Currency Bond (FCCBs) issued by the resident company is chargeable to tax in hands...
Mere Assumption that Withdrawn Amount Spent for Other Purposes Without any Adverse Positive Material cannot be the Reason for Disputing Source of Cash Deposits: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that The Assessing Officer (AO) has ignored main cash book while disputing the source of cash and making addition and the Commissioner of...
![Mere Assumption that Withdrawn Amount Spent for Other Purposes Without any Adverse Positive Material cannot be the Reason for Disputing Source of Cash Deposits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/j.jpg "Mere Assumption that Withdrawn Amount Spent for Other Purposes Without any Adverse Positive Material cannot be the Reason for Disputing Source of Cash Deposits: ITAT [Read Order]")