ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Re-assessment u/s 147 of Income Tax Act After Expiry of Four years from End of Relevant Year of Assessment is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Re-assessment-Income-Tax-Act-After-Expiry-of-Four-years-from-End-of-Relevant-Year-of-Assessment-is-Invalid-ITAT-TAXSCAN.jpg "Re-assessment u/s 147 of Income Tax Act After Expiry of Four years from End of Relevant Year of Assessment is Invalid: ITAT [Read Order]")
Re-assessment u/s 147 of Income Tax Act After Expiry of Four years from End of Relevant Year of Assessment is Invalid: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the reopening of assessment under section 147 of the Income Tax Act,1961...
![Expenses incurred for Business Promotion and Tour & Travels of Firm for Discharging Professional Duties as Partner shall not be disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Expenses-incurred-for-Business-Promotion-and-Tour-Travels-of-Firm-Expenses-incurred-Business-Promotion-Professional-Duties-ITAT-Taxscan.jpg "Expenses incurred for Business Promotion and Tour & Travels of Firm for Discharging Professional Duties as Partner shall not be disallowed: ITAT [Read Order]")
![No addition can be made on assessee, if ownership of Jewellery belongs to Family Members: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-addition-can-be-made-on-assessee-addition-assessee-ownership-of-Jewellery-belongs-to-Family-Members-ownership-of-Jewellery-ITAT-Taxscan.jpg "No addition can be made on assessee, if ownership of Jewellery belongs to Family Members: ITAT [Read Order]")
![No Revisional order can be Framed u/s 263 of Income Tax Act by CIT(A) in the Name of a Non-Exsiting Entity: ITAT Quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Revisional-order-Income-Tax-Act-CITA-Non-Exsiting-Entity-ITAT-TAXSCAN.jpg "No Revisional order can be Framed u/s 263 of Income Tax Act by CIT(A) in the Name of a Non-Exsiting Entity: ITAT Quashes Order [Read Order]")
ITAT Upholds Deletion of Disallowance made by AO on ground of Incurred Expenditure as Revenue Expenditure of Business [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of disallowance made by the assessing officer on the ground of incurred expenses as the revenue expenditure of the...
![ITAT Upholds Deletion of Disallowance made by AO on ground of Incurred Expenditure as Revenue Expenditure of Business [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Deletion-Disallowance-AO-Incurred-Expenditure-Revenue-Expenditure-Business-TAXSCAN.jpg "ITAT Upholds Deletion of Disallowance made by AO on ground of Incurred Expenditure as Revenue Expenditure of Business [Read Order]")
Claim of LTCG Not Allowable when Transactions of Transfer of Land does not Falls Within Ambit of Section 45 of Income Tax Act : ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the claim of Long Term Capital Gain (LTCG) was not allowable when the transaction of transfer of land does not fall within...
![Claim of LTCG Not Allowable when Transactions of Transfer of Land does not Falls Within Ambit of Section 45 of Income Tax Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Claim-LTCG-Allowable-Transactions-Transfer-Land-Ambit-Income-Tax-Act-TAXSCAN.jpg "Claim of LTCG Not Allowable when Transactions of Transfer of Land does not Falls Within Ambit of Section 45 of Income Tax Act : ITAT [Read Order]")
Rejection of Appeal by CIT(A) on ground of Delay in Filing Appeal by Assessee : ITAT Directs Re-adjudication [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) directed the Commissioner of Income Tax (Appeals) to re-adjudicate the matter by condoning the delay of filing an appeal by the...
![Rejection of Appeal by CIT(A) on ground of Delay in Filing Appeal by Assessee : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Rejection-Appeal-CITA-ground-Delay-Filing-Appeal-Assessee-ITAT-Directs-Re-adjudication-TAXSCAN.jpg "Rejection of Appeal by CIT(A) on ground of Delay in Filing Appeal by Assessee : ITAT Directs Re-adjudication [Read Order]")
Addition made by AO by Treating Loss of Income as Speculation Loss u/s 73 of Income Tax Act : ITAT Directs Re-adjudication [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to re-adjudicate the addition made by treating the loss of income as the speculation loss under section 73...
![Addition made by AO by Treating Loss of Income as Speculation Loss u/s 73 of Income Tax Act : ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/AO-Treating-Loss-Income-Speculation-Loss-ITAT-Directs-Re-adjudication-TAXSCAN.jpg "Addition made by AO by Treating Loss of Income as Speculation Loss u/s 73 of Income Tax Act : ITAT Directs Re-adjudication [Read Order]")
Cash Deposits from earlier withdrawals cannot be Totally Disbelieved: ITAT allows Deduction on Cash Deposit[Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) held that the cash deposits from earlier withdrawals cannot be totally disbelieved, thus, the bench allowed deduction on the cash...
![Cash Deposits from earlier withdrawals cannot be Totally Disbelieved: ITAT allows Deduction on Cash Deposit[Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Cash-Deposits-earlier-withdrawals-Totally-Disbelieved-ITAT-Deduction-Cash-Deposit-TAXSCAN.jpg "Cash Deposits from earlier withdrawals cannot be Totally Disbelieved: ITAT allows Deduction on Cash Deposit[Read Order]")
ITAT deletes Addition made on Cash out of Income leaving aside Amount of Huge Cash Withdrawals from SBI to UCO Bank [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has deleted the additions made on the cash out of income leaving aside the amount of huge cash withdrawals from State Bank of India to...
![ITAT deletes Addition made on Cash out of Income leaving aside Amount of Huge Cash Withdrawals from SBI to UCO Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-Addition-Cash-Income-Amount-Huge-Cash-Withdrawals-SBI-UCO-Bank-TAXSCAN.jpg "ITAT deletes Addition made on Cash out of Income leaving aside Amount of Huge Cash Withdrawals from SBI to UCO Bank [Read Order]")
Ex Parte Order of CIT(A) Sent to email address of former Chartered Accountant of assessee: ITAT Condones Delay and directs Re adjudication [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) while condone delay in filing appeal observed that ex parte order of Commissioner of Income Tax (Appeals)[CIT(A)]...
![Ex Parte Order of CIT(A) Sent to email address of former Chartered Accountant of assessee: ITAT Condones Delay and directs Re adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Ex-Parte-Order-CITA-email-address-Chartered-Accountant-assessee-ITAT-Readjudication-TAXSCAN-.jpg "Ex Parte Order of CIT(A) Sent to email address of former Chartered Accountant of assessee: ITAT Condones Delay and directs Re adjudication [Read Order]")