ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Expenses for Business Maintenance Not Allowable u/s 24 of Income Tax Act: ITAT declares Disallowance made u/s 37 Arbitrary [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Expenses-for-Business-Maintenance-Not-Allowable-Income-Tax-Act-ITAT-declares-Disallowance-Arbitrary-TAXSCAN.jpg "Expenses for Business Maintenance Not Allowable u/s 24 of Income Tax Act: ITAT declares Disallowance made u/s 37 Arbitrary [Read Order]")
Expenses for Business Maintenance Not Allowable u/s 24 of Income Tax Act: ITAT declares Disallowance made u/s 37 Arbitrary [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has declared the disallowance made under Section 37 of the Income Tax Act 1961 as arbitrarily...
![Date of Dispatch of Assessment order Beyond the Limitation Period Prescribed u/s 153(1) of Income Tax Act: ITAT Quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Date-of-Dispatch-of-Assessment-order-Beyond-the-Limitation-Period-Prescribed-Income-Tax-Ac-ITAT-Quashes-Assessment-Order-TAXSCAN.jpg "Date of Dispatch of Assessment order Beyond the Limitation Period Prescribed u/s 153(1) of Income Tax Act: ITAT Quashes Assessment Order [Read Order]")
![Undisclosed Income Taxed in a Flagship Company cannot be Taxed again when applied as Share Capital in Another Company: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Undisclosed-Income-Taxed-Flagship-Company-Taxed-applied-Share-Capital-Company-Delhi-HC-TAXSCAN.jpg "Undisclosed Income Taxed in a Flagship Company cannot be Taxed again when applied as Share Capital in Another Company: Delhi HC [Read Order]")
![Interest amount paid by Indian branch to Foreign Head Office is not taxable in India under India France DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Interest-amount-paid-by-Indian-branch-to-Foreign-Head-Office-taxable-in-India-under-India-France-DTAA-ITAT-TAXSCAN.jpg "Interest amount paid by Indian branch to Foreign Head Office is not taxable in India under India France DTAA: ITAT [Read Order]")
Rate of tax applicable to Domestic Banking Companies are not Same as Foreign Banking Company: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that the rate of tax applicable to domestic banking companies is not the same as foreign banking companies. Tax levied at a higher rate...
![Rate of tax applicable to Domestic Banking Companies are not Same as Foreign Banking Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Rate-of-tax-applicable-to-Domestic-Banking-companies-Foreign-Banking-Company-ITAT-TAXSCAN.jpg "Rate of tax applicable to Domestic Banking Companies are not Same as Foreign Banking Company: ITAT [Read Order]")
Taxability of Data Processing Fees paid by assessee to its overseas branch cannot treated as FTS as per India-France DTAA: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that taxability of date processing fees paid by assessee to its overseas branch could not be treated as Fees for Technical Services...
![Taxability of Data Processing Fees paid by assessee to its overseas branch cannot treated as FTS as per India-France DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Taxability-of-Data-Processing-Fees-assessee-to-its-overseas-branch-treated-as-FTS-as-per-India-France-DTAA-ITAT-TAXSCAN.jpg "Taxability of Data Processing Fees paid by assessee to its overseas branch cannot treated as FTS as per India-France DTAA: ITAT [Read Order]")
Addition u/s 68 of Income Tax Act shall be made when Identity, Creditworthiness, and Genuineness of transactions are not satisfactorily explained by Assessee: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the addition under Section 68 of the Income Tax Act, 1961 shall be made when the identity, creditworthiness, and genuineness of...
![Addition u/s 68 of Income Tax Act shall be made when Identity, Creditworthiness, and Genuineness of transactions are not satisfactorily explained by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-Income-Tax-Act-Identity-Creditworthiness-Genuineness-of-transactions-satisfactorily-explained-by-Assessee-ITAT.jpg "Addition u/s 68 of Income Tax Act shall be made when Identity, Creditworthiness, and Genuineness of transactions are not satisfactorily explained by Assessee: ITAT [Read Order]")
TDS deducted in hands of Transferor Company shall belong to Transferrer Company when Amalgamation Scheme is approved by HC: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the Tax Deducted at Source (TDS) deducted in the hands of the transferor company shall belong to the transferrer company...
![TDS deducted in hands of Transferor Company shall belong to Transferrer Company when Amalgamation Scheme is approved by HC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/TDS-deducted-Transferor-Company-shall-belong-to-Transferrer-Company-Amalgamation-Scheme-is-approved-by-HC-ITAT-TAXSCAN.jpg "TDS deducted in hands of Transferor Company shall belong to Transferrer Company when Amalgamation Scheme is approved by HC: ITAT [Read Order]")
![Reopening of Assessment after 4 Year with Approval of Joint Commissioner is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Reopening-of-Assessment-Approval-of-Joint-Commissioner-is-Invalid-ITAT-TAXSCAN.jpg "Reopening of Assessment after 4 Year with Approval of Joint Commissioner is Invalid: ITAT [Read Order]")
Deletion of Income Tax Addition on successful Demonstration of Source of Cash Deposits to bank during Demonitization: ITAT dismisses Revenue Appeal [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the assessee has successfully demonstrated source of cash deposit of Rs. 2,40,00,000 to its bank account during demonetization period...
![Deletion of Income Tax Addition on successful Demonstration of Source of Cash Deposits to bank during Demonitization: ITAT dismisses Revenue Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Deletion-of-Income-Tax-Addition-on-successful-Demonstration-of-Source-of-Cash-Deposits-to-bank-during-Demonitization-ITAT-dismisses-Revenue-Appeal-TAXSCAN.jpg "Deletion of Income Tax Addition on successful Demonstration of Source of Cash Deposits to bank during Demonitization: ITAT dismisses Revenue Appeal [Read Order]")
Addition cannot be Deleted merely for Mentioning Section 68 Instead of Section 69 of Income Tax Act when Cash Deposit of Rs. 49,000/- Found Each Time in Bank Account: ITAT
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the addition could not be deleted merely for mentioning Section 68 instead of Section 69 of the Income Tax Act , 1961 when the...
