ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Income shall be determined on Net Profit even though Society is not Registered u/s 12A of Income Tax Act: ITAT allows Deduction of Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-shall-be-determined-on-Net-Profit-even-Society-Registered-Income-Tax-Act-ITAT-allows-Deduction-of-Expenditure-TAXSCAN.jpg "Income shall be determined on Net Profit even though Society is not Registered u/s 12A of Income Tax Act: ITAT allows Deduction of Expenditure [Read Order]")
Income shall be determined on Net Profit even though Society is not Registered u/s 12A of Income Tax Act: ITAT allows Deduction of Expenditure [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) allowed deduction of expenditure and held that the income shall be determined on net...
![Penalty Proceedings for Concealment of Income not sustainable when Notice issued by AO is Vague and Ambiguous: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Penalty-Proceedings-for-Concealment-of-Income-sustainable-when-Notice-Ambiguous-ITAT-TAXSCAN.jpg "Penalty Proceedings for Concealment of Income not sustainable when Notice issued by AO is Vague and Ambiguous: ITAT [Read Order]")
![Income Tax Not Leviable if no Right over Income Accrues upon Transfer of Development Rights: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Not-Leviable-Right-over-Income-Accrues-upon-Transfer-of-Development-Rights-ITAT-TAXSCAN.jpg "Income Tax Not Leviable if no Right over Income Accrues upon Transfer of Development Rights: ITAT [Read Order]")
![Issuance of Notice for Reopening Income Tax Assessment by ITO not having Territorial jurisdiction is invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Issuance-of-notice-for-reopening-income-tax-assessment-by-ITO-territorial-jurisdiction-is-invalid-ITAT-TAXSCAN.jpg "Issuance of Notice for Reopening Income Tax Assessment by ITO not having Territorial jurisdiction is invalid: ITAT [Read Order]")
![No Power to Review by Reopening Assessment under Section 147 of Income Tax Act if no Addition made by AO During Original Assessment : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Power-to-Review-by-Reopening-Assessment-Income-Tax-Act-if-no-Addition-made-by-AO-During-Original-Assessment-ITAT-TAXSCAN.jpg "No Power to Review by Reopening Assessment under Section 147 of Income Tax Act if no Addition made by AO During Original Assessment : ITAT [Read Order]")
Fee for providing Supervisory Service for manufacturing of linear polyethylene under Composite Contract are FTS under UK and India DTAA: ITAT upholds Revision Order [Read Order]
The Income Tax Appellate Tribunal (ITAT) Kolkata bench held that Fee for providing supervisory services for manufacturing of linear polyethylene under composite contract are Fee For Technical...
![Fee for providing Supervisory Service for manufacturing of linear polyethylene under Composite Contract are FTS under UK and India DTAA: ITAT upholds Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Fee-for-providing-supervisory-Service-Fee-Supervisory-Service-linear-polyethylene-Composite-Contract-FTS-DTAA-ITAT-upholds-Revision-Order-ITAT-Revision-Order-Taxscan.jpg "Fee for providing Supervisory Service for manufacturing of linear polyethylene under Composite Contract are FTS under UK and India DTAA: ITAT upholds Revision Order [Read Order]")
Income Tax Deduction can't be Denied on ground of Return filed Belatedly u/s 139(4) of IT Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the Income Tax deduction cannot be denied on the ground of a return filed belatedly under Section 139(4) of the Income Tax Act,...
![Income Tax Deduction cant be Denied on ground of Return filed Belatedly u/s 139(4) of IT Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Deduction-Income-Tax-Deduction-Return-filed-IT-Act-Income-Tax-Act-ITAT-Taxscan.jpg "Income Tax Deduction cant be Denied on ground of Return filed Belatedly u/s 139(4) of IT Act: ITAT [Read Order]")
Purchases reflected in Book of Accounts cannot be treated as Unexplained Investment: ITAT sets aside Order of CIT(A) [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the purchases reflected in the books of accounts cannot be treated as unexplained investments. The assessee is an individual...
![Purchases reflected in Book of Accounts cannot be treated as Unexplained Investment: ITAT sets aside Order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Purchases-reflected-in-Book-of-Accounts-Purchases-Book-of-Accounts-Unexplained-Investment-Investment-ITAT-sets-aside-Order-of-CITA-ITAT-Taxscan.jpg "Purchases reflected in Book of Accounts cannot be treated as Unexplained Investment: ITAT sets aside Order of CIT(A) [Read Order]")
Receipts from sale of offshore supply of train not Taxable in India as transfer of title over Goods taken place outside India: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that receipts from sale of offshore supply of trains are not taxable in India as transfer of title over the goods taken place outside India....
![Receipts from sale of offshore supply of train not Taxable in India as transfer of title over Goods taken place outside India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Receipts-from-sale-sale-of-offshore-supply-offshore-supply-train-Taxable-ITAT-Taxscan.jpg "Receipts from sale of offshore supply of train not Taxable in India as transfer of title over Goods taken place outside India: ITAT [Read Order]")
ITAT upholds addition made u/s 69C of Income Tax Act on Payment Received from sale of shares of paper company barred by SEBI [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench upheld the addition made under Section 69 of Income Tax Act on payment received from sale of shares of paper companies barred by Stock...
![ITAT upholds addition made u/s 69C of Income Tax Act on Payment Received from sale of shares of paper company barred by SEBI [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-ITAT-upholds-addition-Income-Tax-Act-Income-Tax-Payment-Received-from-sale-of-shares-Payment-Received-Payment-sale-of-shares-SEBI-taxscan.jpg "ITAT upholds addition made u/s 69C of Income Tax Act on Payment Received from sale of shares of paper company barred by SEBI [Read Order]")
Addition u/s 69 of Income Tax Act shall not be made on basis of ledger account seized from third party on absence of clinching Evidence of Cash Payments towards Purchase of Flat: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Lucknow bench held that addition under Section 69 of Income Tax Act should not be made on the basis of a ledger account seized from the third party in...
![Addition u/s 69 of Income Tax Act shall not be made on basis of ledger account seized from third party on absence of clinching Evidence of Cash Payments towards Purchase of Flat: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Act-shall-not-be-made-on-basis-of-ledger-account-seized-from-third-party-absence-of-clinching-evidence-of-Cash-Payments-towards-purchase-of-Flat-ITAT-TAXSCAN.jpg "Addition u/s 69 of Income Tax Act shall not be made on basis of ledger account seized from third party on absence of clinching Evidence of Cash Payments towards Purchase of Flat: ITAT [Read Order]")
Foreign Tax Credit cannot be Denied for Technicality of not Filing Form 67 within Due Date of Return u/s 139(1) of Income Tax Act: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that the foreign tax credit could not be denied for technicality of not filing form 67 within the due date of return under Section...
![Foreign Tax Credit cannot be Denied for Technicality of not Filing Form 67 within Due Date of Return u/s 139(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Foreign-Tax-Credit-Foreign-Tax-Tax-Credit-Filing-Form-67-within-Due-Date-of-Return-Filing-Form-67-Due-Date-of-Return-Due-Date-Income-Tax-Act-Income-Tax-ITAT-Taxscan.jpg "Foreign Tax Credit cannot be Denied for Technicality of not Filing Form 67 within Due Date of Return u/s 139(1) of Income Tax Act: ITAT [Read Order]")