ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![No Illegality in Adopting Presumptive Tax for Professional Receipts from Fashion Designer: ITAT deletes Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Illegality-No-Illegality-in-Adopting-Presumptive-Tax-Adopting-Presumptive-Tax-Presumptive-Tax-Tax-Professional-Receipts-Professional-Receipts-from-Fashion-Designer-Fashion-Designer-ITAT-Taxscan.jpg "No Illegality in Adopting Presumptive Tax for Professional Receipts from Fashion Designer: ITAT deletes Addition u/s 68 [Read Order]")
No Illegality in Adopting Presumptive Tax for Professional Receipts from Fashion Designer: ITAT deletes Addition u/s 68 [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the addition of professional receipts as undisclosed income is not tenable. ...
![AO disallows 2/3rd of Repair and Maintenance Expenditure as Capital Expenditure for Chhattisgarh State Power Transmission: ITAT directs Re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-Repair-and-Maintenance-Expenditure-as-Capital-Expenditure-for-Chhattisgarh-State-Power-Transmission-ITAT-directs-Readjudication-TAXSCAN.jpg "AO disallows 2/3rd of Repair and Maintenance Expenditure as Capital Expenditure for Chhattisgarh State Power Transmission: ITAT directs Re adjudication [Read Order]")
![Disclosure Made in Income Tax Return Form, Says Conversion of Closing Stock into Investment Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Disclosure-Made-in-Income-Tax-Return-Form-Conversion-of-Closing-Stock-Investment-Taxable-ITAT-TAXSCAN.jpg "Disclosure Made in Income Tax Return Form, Says Conversion of Closing Stock into Investment Not Taxable: ITAT [Read Order]")
![Activities of the trust cannot be the deciding factor while granting registration u/s 12A of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Activities-of-the-trust-deciding-factor-while-granting-registration-Income-Tax-Act-ITAT-TAXSCAN.jpg "Activities of the trust cannot be the deciding factor while granting registration u/s 12A of Income Tax Act: ITAT [Read Order]")
![ITAT dismisses Rectification Orders passed u/s 154 of Income Tax Act without setting off Business Loss against Property Income and Income from Other Sources [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-dismisses-Rectification-Orders-passed-Income-Tax-Act-Business-Loss-against-Property-Income-and-Income-from-Other-Sources-TAXSCAN.jpg "ITAT dismisses Rectification Orders passed u/s 154 of Income Tax Act without setting off Business Loss against Property Income and Income from Other Sources [Read Order]")
Issue of Notice u/s 143(2) of Income Tax Act is mandatory requirement for framing Reassessment order, not curable as per S.292BB Act : ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench ruled that issue of notice under Section 143(2) of Income Tax Act, 1961 is mandatory requirement for framing reassessment order. Therefore which...
![Issue of Notice u/s 143(2) of Income Tax Act is mandatory requirement for framing Reassessment order, not curable as per S.292BB Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Issue-of-Notice-Income-Tax-Act-is-mandatory-requirement-for-framing-reassessment-order-ITAT-TAXSCAN.jpg "Issue of Notice u/s 143(2) of Income Tax Act is mandatory requirement for framing Reassessment order, not curable as per S.292BB Act : ITAT [Read Order]")
Failure to explain Credit Card Payments with Supporting Documentary Evidence: ITAT Deletes partial Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT) Hyderabad Bench held that the assessee failed to explain the credit card payments with supporting documentary evidences. Hence, the bench deleted the partial...
![Failure to explain Credit Card Payments with Supporting Documentary Evidence: ITAT Deletes partial Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Failure-to-explain-Credit-Card-Payments-Supporting-Documentary-Evidence-ITAT-Deletes-partial-Addition-TAXSCAN.jpg "Failure to explain Credit Card Payments with Supporting Documentary Evidence: ITAT Deletes partial Addition [Read Order]")
No Addition shall be made on behalf Farmer assessee in respect of Cash Deposited in Joint Bank Account by Second Account Holder: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Delhi Bench ruled that no addition should be made on behalf of the assessee in respect of cash deposited in a joint bank account by the second account...
![No Addition shall be made on behalf Farmer assessee in respect of Cash Deposited in Joint Bank Account by Second Account Holder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Cash-Deposited-Joint-Bank-Account-Second-Account-TAXSCAN.jpg "No Addition shall be made on behalf Farmer assessee in respect of Cash Deposited in Joint Bank Account by Second Account Holder: ITAT [Read Order]")
Parallel Assessments shall be made in respect of same Income on Different Person: ITAT deletes Addition made on protective basis [Read Order]
The Ahmedabad Income Tax Appellate Tribunal (ITAT) ruled that parallel assessment should be made in respect of the same Income on different persons. Therefore, the bench deleted the addition made on...
![Parallel Assessments shall be made in respect of same Income on Different Person: ITAT deletes Addition made on protective basis [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Parallel-Assessments-Income-Different-ITAT-protective-basis-TAXSCAN.jpg "Parallel Assessments shall be made in respect of same Income on Different Person: ITAT deletes Addition made on protective basis [Read Order]")
Assessment Order without DIN in body violating CBDT circular is Invalid and Treats as never been Issued: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ruled that an assessment order lacking the Document Identification Number (DIN) within the body of the order violates the Circular of the Central...
![Assessment Order without DIN in body violating CBDT circular is Invalid and Treats as never been Issued: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AssessmAent-DIN-body-violating-CBDT-Treats-never-Issued-ITAT-TAXSCAN.jpg "Assessment Order without DIN in body violating CBDT circular is Invalid and Treats as never been Issued: ITAT [Read Order]")
Non-filing of Income Tax Return (ITR): ITAT quashes Penalty u/s 271F against 82 year old Widow [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench recently quashed the penalty imposed under Section 271F of Income Tax Act, 1961 against 82-year-old widow due to non-filing of Income Tax Return...
![Non-filing of Income Tax Return (ITR): ITAT quashes Penalty u/s 271F against 82 year old Widow [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Non-filing-Income-Tax-Return-quashes-Penalty-TAXSCAN.jpg "Non-filing of Income Tax Return (ITR): ITAT quashes Penalty u/s 271F against 82 year old Widow [Read Order]")