ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Revised Return filed within Time Limit u/s 139(5) of Income Tax Act is Valid Return: ITAT Deletes Disallowance of Unamortized Brokerage Expense [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Revised-return-time-limit-valid-return-ITAT-disallowance-unamortized-brokerage-expense-income-tax-act-income-income-tax-tax-taxscan.jpg "Revised Return filed within Time Limit u/s 139(5) of Income Tax Act is Valid Return: ITAT Deletes Disallowance of Unamortized Brokerage Expense [Read Order]")
Revised Return filed within Time Limit u/s 139(5) of Income Tax Act is Valid Return: ITAT Deletes Disallowance of Unamortized Brokerage Expense [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the disallowance of unamortized brokerage expense as the revised return filed...
![Stamp Value Less than Agreement Value: ITAT Deletes Addition u/s 56(2)(vii)(b) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Stampvalue-agreement-value-ITAT-Deletes-Addition-ITAT-TAXSCAN.jpg "Stamp Value Less than Agreement Value: ITAT Deletes Addition u/s 56(2)(vii)(b) of Income Tax Act [Read Order]")
![Disallowance made by AO due to Non-Submission of Business Vouchers: ITAT Directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Disallowance-made-by-AO-due-to-Non-Submission-of-Business-Vouchers-Disallowance-made-by-AO-Disallowance-AO-Business-Vouchers-ITAT-ITAT-Directs-Re-adjudication-Taxscan.jpg "Disallowance made by AO due to Non-Submission of Business Vouchers: ITAT Directs Re-adjudication [Read Order]")
![ITAT Upholds Revisionary Order by AO on ground of Twin Satisfaction Envisaged u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-ITAT-Upholds-Revisionary-Order-by-AO-Revisionary-Order-AO-Income-Tax-Act-Taxscan.jpg "ITAT Upholds Revisionary Order by AO on ground of Twin Satisfaction Envisaged u/s 263 of Income Tax Act [Read Order]")
![Service Tax Paid by Contractor for Value of Work is not Part of Gross Receipts for Purpose of Computing Presumptive Tax u/s 44AD of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Service-Tax-Paid-by-Contractor-for-Value-of-Work-is-not-Part-of-Gross-Receipts-Service-Tax-Paid-by-Contractor-Service-Tax-Contractor-ITAT-Taxscan.jpg "Service Tax Paid by Contractor for Value of Work is not Part of Gross Receipts for Purpose of Computing Presumptive Tax u/s 44AD of Income Tax Act: ITAT [Read Order]")
No Penalty shall be Levied u/s 271b of Income Tax Act ,if Assessee Proves Reasonable Cause for Failure to Furnish Audit Record :ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) has held that no penalty should be levied under section 271B of Income Tax Act, 1961, if the assessee proved the reasonable cause for failure...
![No Penalty shall be Levied u/s 271b of Income Tax Act ,if Assessee Proves Reasonable Cause for Failure to Furnish Audit Record :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-Penalty-shall-be-Levied-Income-Tax-Act-Reasonable-Cause-Failure-to-Furnish-Audit-Record-Audit-Record-ITAT-Taxscan.jpg "No Penalty shall be Levied u/s 271b of Income Tax Act ,if Assessee Proves Reasonable Cause for Failure to Furnish Audit Record :ITAT [Read Order]")
No Addition can be made u/s 69A of Income Tax Act if Repaid Loan Transactions Records in Book of Accounts: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that no addition could be made under Section 69A of the Income Tax Act 1961 if repaid loan transactions are recorded in book of...
![No Addition can be made u/s 69A of Income Tax Act if Repaid Loan Transactions Records in Book of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Addition-Income-Tax-Act-Loan-Transactions-Records-in-Book-of-Accounts-Book-of-Accounts-Loan-Transactions-ITAT-Taxscan.jpg "No Addition can be made u/s 69A of Income Tax Act if Repaid Loan Transactions Records in Book of Accounts: ITAT [Read Order]")
Delay in Filing Return of Income and Form 10B due to outbreak of Pandemic of Covid-19:ITAT allows Exemption u/s 11 of Income Tax Act [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) allowed exemption under section 11 of Income Tax Act 1961 on delayed filing of return of income and Form 10B due to the outbreak of Pandemic...
![Delay in Filing Return of Income and Form 10B due to outbreak of Pandemic of Covid-19:ITAT allows Exemption u/s 11 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Filing-Return-of-Income-Return-of-Income-Form-10B-outbreak-of-Pandemic-of-Covid-19-Pandemic-of-Covid-19-Covid-19-ITAT-ITAT-allows-Exemption-Income-Tax-Act-Income-Tax-taxscan.jpg "Delay in Filing Return of Income and Form 10B due to outbreak of Pandemic of Covid-19:ITAT allows Exemption u/s 11 of Income Tax Act [Read Order]")
Addition made by AO by treating Agricultural Income as income from Undisclosed Sources : ITAT Deletes Addition [Read Order]
The Chandigarh bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made by the assessing officer by treating the agriculture income as income from the undisclosed sources. ...
![Addition made by AO by treating Agricultural Income as income from Undisclosed Sources : ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/agricultural-income-agriculture-incometax-ITAT-TAXSCAN.jpg "Addition made by AO by treating Agricultural Income as income from Undisclosed Sources : ITAT Deletes Addition [Read Order]")
Residuary Provisions under Income Tax Act not Applicable to Disallowances for Late Payment of EPF & ESI: ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that the residuary provisions which are present under the Income Tax Act are not applicable to disallowances for late payment of...
![Residuary Provisions under Income Tax Act not Applicable to Disallowances for Late Payment of EPF & ESI: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/residuary-provisions-income-tax-act-income-tax-income-tax-act-disallowance-late-payment-late-payment-of-EPF-ESI-ITAT-taxscan.jpg "Residuary Provisions under Income Tax Act not Applicable to Disallowances for Late Payment of EPF & ESI: ITAT [Read Order]")
![ITAT quashes Revision Order passed u/s 263 of Income Tax Act during Covid -19 Pandemic [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-quashes-Revision-Order-passed-of-Income-Tax-Act-Covid-19-Pandemic-TAXSCAN.jpg "ITAT quashes Revision Order passed u/s 263 of Income Tax Act during Covid -19 Pandemic [Read Order]")
Interest Income earned on Fixed Deposits with Cooperative/Scheduled Bank eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has recently held that interest income earned on fixed deposits with the cooperative /scheduled bank is eligible for deduction under Section 80P...
![Interest Income earned on Fixed Deposits with Cooperative/Scheduled Bank eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Interest-Income-earned-on-Fixed-Deposits-with-Cooperative-Scheduled-Bank-eligible-for-Deduction-Income-Tax-Act-ITAT-TAXSCAN.jpg "Interest Income earned on Fixed Deposits with Cooperative/Scheduled Bank eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT [Read Order]")