ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![ITAT confirms Penalty for Deliberate Concealment of Income u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-confirms-Penalty-for-Deliberate-Concealment-of-Income-ITAT-Penalty-Income-Concealment-of-Income-Taxscan.jpg "ITAT confirms Penalty for Deliberate Concealment of Income u/s 271(1)(c) [Read Order]")
ITAT confirms Penalty for Deliberate Concealment of Income u/s 271(1)(c) [Read Order]
The Hyderabad Bench of the Income Tax Appellate Tribunal (ITAT) recently confirmed the penalty for deliberate income concealment under Section...
![FCCB issue expenses included as part of FCCB Premium Expenses allowable as Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/FCCB-issue-expenses-included-as-part-of-FCCB-Premium-Expenses-ITAT-TAXSCAN.jpg "FCCB issue expenses included as part of FCCB Premium Expenses allowable as Deduction: ITAT [Read Order]")
![ITAT deletes Penalty u/s 271A for Estimation-Based Addition and Lack of Reference to Assessees Books [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-deletes-Penalty-ITAT-Penalty-Estimation-Based-Addition-and-Lack-of-Reference-to-Assessees-Books-Estimation-Based-Addition-Addition-Assessees-Books-Taxscan.jpg "ITAT deletes Penalty u/s 271A for Estimation-Based Addition and Lack of Reference to Assessees Books [Read Order]")
![ITAT deletes Penalty u/s 271(1)(b) and 272A(1)(b) for Improper Procedure in Issuance of Income Tax Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-deletes-Penalty-ITAT-Penalty-Improper-Procedure-Issuance-of-Income-Tax-Notice-Income-Tax-Notice-Income-Tax-Notice-Tax-Notice-taxscan-1.jpg "ITAT deletes Penalty u/s 271(1)(b) and 272A(1)(b) for Improper Procedure in Issuance of Income Tax Notice [Read Order]")
![ITAT quashes Assessment Notice not issued by Jurisdictional AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-quashes-assessment-notice-not-issued-by-jurisdictional-AO-ITAT-TAXSCAN.jpg "ITAT quashes Assessment Notice not issued by Jurisdictional AO [Read Order]")
![ITAT deletes Late filing Fee u/s. 234E of IT Act on the Ground of Limitation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-late-filing-fee-IT-Act-limitation-Income-tax-late-fee-income-tax-act-taxscan.jpg "ITAT deletes Late filing Fee u/s. 234E of IT Act on the Ground of Limitation [Read Order]")
TDS Demand on Amount Already Paid Tax Leads to Double Taxation: ITAT deletes Demand u/s 201(1) and 201(1A) of IT Act [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) deleted the demand of Tax deducted at source (TDS) on the amount already paid tax under sections 201(1) and 201(1A) of the Income Tax...
![TDS Demand on Amount Already Paid Tax Leads to Double Taxation: ITAT deletes Demand u/s 201(1) and 201(1A) of IT Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/TDS-Demand-TDS-Paid-Tax-Leads-to-Double-Taxation-Paid-Tax-Double-Taxation-Taxation-ITAT-deletes-Demand-ITAT-Demand-IT-Act-Taxscan.jpg "TDS Demand on Amount Already Paid Tax Leads to Double Taxation: ITAT deletes Demand u/s 201(1) and 201(1A) of IT Act [Read Order]")
ITAT upholds Penalty Levied u/s 271D of IT Act for Contravention of Section 269SS for Accepting Loan and Advances other than by way of Account Payee Cheques
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has recently upheld that penalty levied under section 271D of the Income Tax Act 1961 for contravention of Section 269SS of Income...
No Disallowance of Foreign Travel expenses of Company Employees'Â Spouses accompanied on Official Tour: ITAT grants relief to Hindustan Unilever [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that foreign traveling expenses of the company employees spouses accompanied on an official tour should not be...
![No Disallowance of Foreign Travel expenses of Company Employees Spouses accompanied on Official Tour: ITAT grants relief to Hindustan Unilever [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-Disallowance-of-Foreign-Travel-expenses-of-Company-Employees-Spouses-accompanied-on-Official-Tour-ITAT-grants-relief-to-Hindustan-Unilever-TAXSCAN.jpg "No Disallowance of Foreign Travel expenses of Company Employees Spouses accompanied on Official Tour: ITAT grants relief to Hindustan Unilever [Read Order]")
Relief to TATA Power: ITAT deletes Adjustment made Towards Technical Know-How Fees Despite Accepting Entity Level Margins [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has granted relief to TATA Power deleting the adjustment made towards technical know-how fees despite accepting the entity-level margins. ...
![Relief to TATA Power: ITAT deletes Adjustment made Towards Technical Know-How Fees Despite Accepting Entity Level Margins [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Relief-to-TATA-Power-TATA-Power-ITAT-deletes-Adjustment-made-Towards-Technical-Know-How-Fees-ITAT-Entity-Level-Margins-Taxscan.jpg "Relief to TATA Power: ITAT deletes Adjustment made Towards Technical Know-How Fees Despite Accepting Entity Level Margins [Read Order]")
Interest Income from Deposits with Nationalized Bank is allowable for Deduction u/s. 80P(2)(a)(i) of I-T Act : ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently held that interest income earned from deposits kept with nationalized banks is allowable as deduction under Section...
![Interest Income from Deposits with Nationalized Bank is allowable for Deduction u/s. 80P(2)(a)(i) of I-T Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Income-from-Deposits-with-Nationalized-Bank-is-allowable-for-Deduction-I-T-Act-ITAT.jpg "Interest Income from Deposits with Nationalized Bank is allowable for Deduction u/s. 80P(2)(a)(i) of I-T Act : ITAT [Read Order]")
Co-operative Society involved in Banking Business Not eligible for deduction u/s 80P(2)(a)(i): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench has held that the Cooperative society involved in Banking Business is not eligible for deduction under Section 80P(2)(a)(i) of the Income Tax...
![Co-operative Society involved in Banking Business Not eligible for deduction u/s 80P(2)(a)(i): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Co-operative-Society-Co-operative-Society-involved-in-Banking-Business-Banking-Business-deduction-ITAT-Taxscan.jpg "Co-operative Society involved in Banking Business Not eligible for deduction u/s 80P(2)(a)(i): ITAT [Read Order]")