ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![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]")
ITAT directs to delete Addition made by AO on ground of Wrongful Assessment of Tax Liability [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) directed the assessing officer to delete the addition made on the ground of wrongful...
![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]](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]")
![Deduction u/s 80P of Income Tax Act shall not be allowed on Interest Income earned from Nationalized Banks: ITAT upholds CIT(A) Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Deduction-Income-Tax-Act-shall-not-be-allowed-on-Interest-Income-earned-from-Nationalized-Banks-ITAT-Upholds-CITA-order-TAXSCAN.jpg "Deduction u/s 80P of Income Tax Act shall not be allowed on Interest Income earned from Nationalized Banks: ITAT upholds CIT(A) Order [Read Order]")
![ITAT upholds disallowance made on Interest Expenses incurred for taking Loans for making Investment in Shares [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-upholds-disallowance-made-on-Interest-Expenses-incurred-for-taking-Loans-ITAT-upholds-disallowance-ITAT-Interest-Expenses-incurred-for-taking-Loans-Taxscan.jpg "ITAT upholds disallowance made on Interest Expenses incurred for taking Loans for making Investment in Shares [Read Order]")
Claim of Deduction on Sale of Scrap and Stores in Respect of Export Turnover u/s 80HHC: ITAT Allows Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT) Ahmedabad Bench, allowed the claim for deduction under Section 80HHC of the Income Tax Act, 1961 on the sale of scrap and parts. The assessee in this case...
![Claim of Deduction on Sale of Scrap and Stores in Respect of Export Turnover u/s 80HHC: ITAT Allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Claim-Deduction-Sale-Scrap-Stores-Respect-Export-Turnover-ITAT-Allows-Appeal-TAXSCAN.jpg "Claim of Deduction on Sale of Scrap and Stores in Respect of Export Turnover u/s 80HHC: ITAT Allows Appeal [Read Order]")
Interest subsidy under TUFS treated as capital receipt, for overall growth and generation of employment: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) observed that the purpose of granting subsidy under TUFS (Technology Up-gradation Fund Scheme) by the Ministry of Textiles, Government of India...
![Interest subsidy under TUFS treated as capital receipt, for overall growth and generation of employment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Interest-subsidy-TUFS-capital-receipt-growth-generation-employment-ITAT-TAXSCAN.jpg "Interest subsidy under TUFS treated as capital receipt, for overall growth and generation of employment: ITAT [Read Order]")
Activities of Import of Goods for Re-Export Falls Within Meaning of "Services" under SEZ Act: ITAT Allows Income Tax Deduction u/s 10AA [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that the activities carried out by the assessee falls within the ambit of “services”, the expression used in Section 10AA of the...
![Activities of Import of Goods for Re-Export Falls Within Meaning of Services under SEZ Act: ITAT Allows Income Tax Deduction u/s 10AA [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Activities-Import-Goods-Re-Export-Falls-Meaning-Services-SEZ-Act-ITAT-Income-Tax-Deduction-TAXSCAN.jpg "Activities of Import of Goods for Re-Export Falls Within Meaning of Services under SEZ Act: ITAT Allows Income Tax Deduction u/s 10AA [Read Order]")
![CSR Expenses Allowable as Deduction u/s 80G of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/CSR-Expenses-Allowable-as-Deduction-Income-Tax-Act-ITAT-TAXSCAN.jpg "CSR Expenses Allowable as Deduction u/s 80G of Income Tax Act: ITAT [Read Order]")
Benefit Allowed in Assessment shall not be withdrawn by exercising Power u/s 154 of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi Bench held that benefit allowed assessment orders should not be withdrawn by exercising power under Section 154 of Income Tax Act, 1961. The assessee...
![Benefit Allowed in Assessment shall not be withdrawn by exercising Power u/s 154 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Benefit-allowed-Assessment-withdrawn-exercising-Income-Tax-Act-ITAT-TAXSCAN.jpg "Benefit Allowed in Assessment shall not be withdrawn by exercising Power u/s 154 of Income Tax Act: ITAT [Read Order]")
Capital Gain Exemption Allowable on Construction of Residential House Completed Within 3 Years: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), held that the claim of capital gain exemption under Section 54 of the Income Tax Act, 1961 on construction of residential house completed...
![Capital Gain Exemption Allowable on Construction of Residential House Completed Within 3 Years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Capital-gain-Exemption-Allowable-Construction-Residential-house-ITAT-Capital-Gain-Exemption-Allowable-on-Construction-of-Residential-House-Capital-Gain-Exemption-Taxscan.jpg "Capital Gain Exemption Allowable on Construction of Residential House Completed Within 3 Years: ITAT [Read Order]")
Disallowances can't be made u/s 14A of Income Tax Act Earnings from Exempt Income: ITAT deleted the Addition made in Income [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the disallowances cannot be made under Section 14A of the Income Tax Act, 1961 earnings from the exempt income hence deleted the...
![Disallowances cant be made u/s 14A of Income Tax Act Earnings from Exempt Income: ITAT deleted the Addition made in Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Disallowances-Income-Tax-Act-Earnings-from-Exempt-Income-ITAT-deleted-the-Addition-made-in-Income-TAXSCAN.jpg "Disallowances cant be made u/s 14A of Income Tax Act Earnings from Exempt Income: ITAT deleted the Addition made in Income [Read Order]")