ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![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]")
Reopening of Assessment after 4 Year with Approval of Joint Commissioner is Invalid: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the reopening of assessment after 4 years with the approval of joint...
![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]")
![AO can initiate Reassessment Proceedings based on information from Investigation Wing: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/AO-Reassessment-Proceedings-based-on-information-from-Investigation-Wing-ITAT-TAXSCAN.jpg "AO can initiate Reassessment Proceedings based on information from Investigation Wing: ITAT dismisses Appeal [Read Order]")
![Mere Change of Opinion by AO cant be a Reason to Reopen Assessment Proceeding u/s 147 of Assessment Proceeding: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Mere-Change-of-Opinion-Reason-to-Reopen-Assessment-Proceeding-Income-Tax-Act-ITAT-TAXSCAN.jpg "Mere Change of Opinion by AO cant be a Reason to Reopen Assessment Proceeding u/s 147 of Assessment Proceeding: ITAT [Read Order]")
Reversal of Deletion of Addition on Unexplained Cash Credit: Delhi HC Directs ITAT to state Valid Reasons for Reversal [Read Order]
In the case of reversal of deletion of addition on unexplained cash credit, the Delhi High Court directed the Income Tax Appellate Tribunal (ITAT) to state valid reason for the reversal. Om...
![Reversal of Deletion of Addition on Unexplained Cash Credit: Delhi HC Directs ITAT to state Valid Reasons for Reversal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Reversal-of-Deletion-of-Addition-on-Unexplained-Cash-Credit-Delhi-HC-Directs-ITAT-Reasons-for-Reversal-TAXSCAN.jpg "Reversal of Deletion of Addition on Unexplained Cash Credit: Delhi HC Directs ITAT to state Valid Reasons for Reversal [Read Order]")
Application of Maximum Marginal Rate on Trust with Known Beneficiaries: ITAT directs to apply Individual Rates [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai bench quashed the application of maximum marginal rate on the trust with known beneficiaries and directed it to apply individual rate upon return of...
![Application of Maximum Marginal Rate on Trust with Known Beneficiaries: ITAT directs to apply Individual Rates [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Application-of-Maximum-Marginal-Rate-on-Trust-Beneficiaries-ITAT-Rates-TAXSCAN.jpg "Application of Maximum Marginal Rate on Trust with Known Beneficiaries: ITAT directs to apply Individual Rates [Read Order]")
ITAT directs Re-adjudication of Foreign Income earned by Deceased Assessee depending on Residential Status of Previous Year, not that of the Executor [Read Order]
The Income Tax Appellate Tribunal (ITAT)Â Mumbai bench directed readjudication of foreign Income earned by the deceased assessee depending on residential status of the previous year, not that of the...
![ITAT directs Re-adjudication of Foreign Income earned by Deceased Assessee depending on Residential Status of Previous Year, not that of the Executor [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-Re-adjudication-of-Foreign-Income-Deceased-Assessee-depending-on-Residential-Status-of-Previous-Year-Executor-TAXSCAN.jpg "ITAT directs Re-adjudication of Foreign Income earned by Deceased Assessee depending on Residential Status of Previous Year, not that of the Executor [Read Order]")
Investment Allowance claimed u/s. 32AC of Income Tax Act towards new asset shall not allowable if assessee already claim depreciation on New Asset: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai bench held that investment allowance claimed under Section 32AC of the Income tax Act,1961 towards the new asset should not be allowable if the...
![Investment Allowance claimed u/s. 32AC of Income Tax Act towards new asset shall not allowable if assessee already claim depreciation on New Asset: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Investment-Allowance-claimed-Income-Tax-Act-towards-new-asset-claim-depreciation-on-New-Asset-ITAT-TAXSCAN.jpg "Investment Allowance claimed u/s. 32AC of Income Tax Act towards new asset shall not allowable if assessee already claim depreciation on New Asset: ITAT [Read Order]")
Provisions of Section 41(1) of Income Tax Act are Attracted Only if Some Trading Liability is Written back: ITAT deletes Addition [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted addition holding that the provisions of Section 41(1) of the Income Tax Act would be attracted only if some trading liability has...
![Provisions of Section 41(1) of Income Tax Act are Attracted Only if Some Trading Liability is Written back: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Provisions-Income-Tax-Act-are-Attracted-Trading-Liability-is-Written-back-ITAT-Deletes-Addition-TAXSCAN.jpg "Provisions of Section 41(1) of Income Tax Act are Attracted Only if Some Trading Liability is Written back: ITAT deletes Addition [Read Order]")
Allowance of Set off of Earlier Years Excess Application from Subsequent Year Surplus Income u/s 11 of Income Tax Act to Charitable Trust : ITAT Condones Delay of 264 Days [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) condoned a delay of 264 days in filing appeal and held that the assessee is eligible for set off of excess application of income of...
![Allowance of Set off of Earlier Years Excess Application from Subsequent Year Surplus Income u/s 11 of Income Tax Act to Charitable Trust : ITAT Condones Delay of 264 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Allowance-of-Set-off-of-Earlier-Years-Excess-Application-from-Subsequent-Year-Surplus-Income-Income-Tax-Act-to-Charitable-Trust-ITAT-Condones-Delay-TAXSCAN.jpg "Allowance of Set off of Earlier Years Excess Application from Subsequent Year Surplus Income u/s 11 of Income Tax Act to Charitable Trust : ITAT Condones Delay of 264 Days [Read Order]")
Deduction u/s 80I of Income Tax Act should be Construed Liberally as the Intention of legislature is Promotion of Growth and Development of Infrastructure: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the deduction under Section 80I of the Income Tax Act 1961 should be construed liberally as the intention of the legislature was...
![Deduction u/s 80I of Income Tax Act should be Construed Liberally as the Intention of legislature is Promotion of Growth and Development of Infrastructure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Act-should-be-Construed-Liberally-Intention-of-legislature-is-Promotion-of-Growth-and-Development-of-Infrastructure-ITAT-TAXSCAN.jpg "Deduction u/s 80I of Income Tax Act should be Construed Liberally as the Intention of legislature is Promotion of Growth and Development of Infrastructure: ITAT [Read Order]")