ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Addition Made Purely on Estimation Basis , No Penalty shall be Leviable u/s 271(1)(c) of Income Tax Act : ITAT Deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Addition-Made-Purely-Estimation-Basis-No-Penalty-Leviable-Income-Tax-Act-TAXSCANAddition-Made-Purely-Estimation-Basis-No-Penalty-Leviable-Income-Tax-Act-TAXSCAN.jpg "Addition Made Purely on Estimation Basis , No Penalty shall be Leviable u/s 271(1)(c) of Income Tax Act : ITAT Deletes Penalty [Read Order]")
Addition Made Purely on Estimation Basis , No Penalty shall be Leviable u/s 271(1)(c) of Income Tax Act : ITAT Deletes Penalty [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that the penalty levied under Section 271(1)(c) of the Income Tax Act,1961 is liable to...
![Charging of Fees for conducting Matches or Tournament in Rifle Shooting is not Commercial Activity : ITAT grants relief to Haryana Rifle Association [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Charging-of-Fees-for-conducting-Matches-or-Tournament-in-Rifle-Shooting-is-Commercial-Activity-ITAT-grants-relief-to-Haryana-Rifle-Association-.jpg "Charging of Fees for conducting Matches or Tournament in Rifle Shooting is not Commercial Activity : ITAT grants relief to Haryana Rifle Association [Read Order]")
![AO fails to Communicate reason to Hold Income Under-reported: ITAT quashes 200% Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-Communicate-Hold-Income-reported-ITAT-Penalty-TAXSCAN.jpg "AO fails to Communicate reason to Hold Income Under-reported: ITAT quashes 200% Penalty [Read Order]")
![Bank Statement Needs to be Obtained Before Issuing Notice for Reassessment u/s 148: ITAT Deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Bank-Statement-Obtained-Issuing-Notice-Reassessment-ITAT-Income-Tax-Addition-TAXSCAN.jpg "Bank Statement Needs to be Obtained Before Issuing Notice for Reassessment u/s 148: ITAT Deletes Income Tax Addition [Read Order]")
Income surrendered during Search and Seizure cannot be treated as 'Undisclosed': ITAT deletes Penalty u/s 271AAB of Income Tax Act [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that income surrendered during search and seizure cannot be treated as an undisclosed, deleted penalty under Section 271AAB of the...
![Income surrendered during Search and Seizure cannot be treated as Undisclosed: ITAT deletes Penalty u/s 271AAB of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-surrendered-during-Search-and-seizure-cannot-be-treated-as-Undisclosed-ITAT-deletes-Penalty-Income-Tax-Act-TAXSCAN.jpg "Income surrendered during Search and Seizure cannot be treated as Undisclosed: ITAT deletes Penalty u/s 271AAB of Income Tax Act [Read Order]")
Amount paid for Resale of Computer Software through EULAs agreements doesn't amount to Deduction in TDS u/s 195 of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that amount paid for resale of computer software through End User License Agreement doesn’t amount to deduction in Tax under Section...
![Amount paid for Resale of Computer Software through EULAs agreements doesnt amount to Deduction in TDS u/s 195 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Amount-paid-Resale-Computer-Software-EULAs-agreements-amount-Deduction-TDS-ITAT-TAXSCAN.jpg "Amount paid for Resale of Computer Software through EULAs agreements doesnt amount to Deduction in TDS u/s 195 of Income Tax Act: ITAT [Read Order]")
Mere Non-production of Evidence by the Creditor of Assessee doesn't result in Addition of Income: ITAT allows Appeal [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that mere non-production of evidence by the creditor of the assessee doesn’t result in the addition of income. The assessee is a...
![Mere Non-production of Evidence by the Creditor of Assessee doesnt result in Addition of Income: ITAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Mere-Non-production-Evidence-Creditor-Assessee-result-Addition-Income-ITAT-Appeal-TAXSCAN.jpg "Mere Non-production of Evidence by the Creditor of Assessee doesnt result in Addition of Income: ITAT allows Appeal [Read Order]")
ITAT Upholds Deletion of Addition made by CIT(A) on ground of Non Consideration of Previous Decision of Assessment [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of the addition made by the Commissioner of Income Tax (Appeals) on the ground of non consideration of the previous...
![ITAT Upholds Deletion of Addition made by CIT(A) on ground of Non Consideration of Previous Decision of Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Upholds-Deletion-of-Addition-made-by-CITA-on-ground-of-Non-Consideration-of-Previous-Decision-of-Assessment-TAXSCAN.jpg "ITAT Upholds Deletion of Addition made by CIT(A) on ground of Non Consideration of Previous Decision of Assessment [Read Order]")
![ITAT directs to delete Addition made by AO on ground of Wrongful Assessment of Tax Liability [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Directs-Delete-Addition-AO-ground-Wrongful-Assessment-Tax-Liability-TAXSCAN.jpg "ITAT directs to delete Addition made by AO on ground of Wrongful Assessment of Tax Liability [Read Order]")
DGFT notifies Free Permit to Import Gold Cover under valid India-UAE CEPA TRQ without License [Read Notification]
The Directorate General of Foreign Trade (DGFT), vide notification no. 19/2023 issued on 12th July 2023, notified the free permit to import gold cover under the valid India-UAE Comprehensive Economic...
![DGFT notifies Free Permit to Import Gold Cover under valid India-UAE CEPA TRQ without License [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/07/DGFT-Free-Permit-Import-Gold-Cover-valid-India-UAE-CEPA-TRQ-License-TAXSCAN.jpg "DGFT notifies Free Permit to Import Gold Cover under valid India-UAE CEPA TRQ without License [Read Notification]")
No cash Paid for taking Reversal of Entry as Commission through Proper Banking Channel: ITAT quashes Revision Order [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench held that no cash paid for taking reversal of entry as commission through proper banking channel by assessee. Hence, held that the revision order...
![No cash Paid for taking Reversal of Entry as Commission through Proper Banking Channel: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-cash-paid-taking-reversal-entry-commission-proper-banking-channel-ITAT-revision-order-TAXSCAN.jpg "No cash Paid for taking Reversal of Entry as Commission through Proper Banking Channel: ITAT quashes Revision Order [Read Order]")