ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
Relief to Reliance Infra: ITAT Allows TDS Credit of Rs. 40.43 Crore as Deducted by Tata Power on Payment to Adani Electricity on Transfer of Business
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has granted relief to Reliance Infrastructure by allowing the Tax Deducted at Source (TDS)...
![Source of Cash Deposit During Demonetization Cannot be Brushed Aside without Evidence to Contrary: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Source-of-Cash-Deposit-During-Demonetization-Source-of-Cash-Deposit-Cash-Deposit-Demonetization-Evidence-ITAT-deletes-Addition-ITAT-taxscan.jpg "Source of Cash Deposit During Demonetization Cannot be Brushed Aside without Evidence to Contrary: ITAT deletes Addition [Read Order]")
![Once existence of Goodwill established, Depreciation on such goodwill cannot be questioned: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Goodwill-existence-of-Goodwill-established-Depreciation-ITAT-Depreciation-on-such-goodwill-cannot-be-questioned-taxscan.jpg "Once existence of Goodwill established, Depreciation on such goodwill cannot be questioned: ITAT [Read Order]")
![Relief to Bajaj Finance: Interest Income on NPAs Cannot be Taxed on Accrual Basis, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Bajaj-Finance-Interest-Income-on-NPAs-Interest-Income-NPAs-Taxed-ITAT-Income-Taxscan.jpg "Relief to Bajaj Finance: Interest Income on NPAs Cannot be Taxed on Accrual Basis, rules ITAT [Read Order]")
![Assessment Completed u/s 143(3) after Condonation of Delay due to Covid: ITAT deletes Penalty u/s 271(1)(b) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Assessment-Condonation-of-Delay-Condonation-of-Delay-due-to-Covid-ITAT-deletes-Penalty-ITAT-Penalty-Taxscan.jpg "Assessment Completed u/s 143(3) after Condonation of Delay due to Covid: ITAT deletes Penalty u/s 271(1)(b) [Read Order]")
Rectification Application for Exempted Allowance Claim: ITAT upholds Claim Rejection u/s 143(1)(a) of Income Tax Act [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that the assessee did not claim the amount of exempted allowance in return of income therefore the bench upheld the...
![Rectification Application for Exempted Allowance Claim: ITAT upholds Claim Rejection u/s 143(1)(a) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Rectification-Application-for-Exempted-Allowance-Claim-Exempted-Allowance-Claim-ITAT-upholds-Claim-Rejection-ITAT-Claim-Rejection-Income-Tax-Act-Income-Tax-Taxscan.jpg "Rectification Application for Exempted Allowance Claim: ITAT upholds Claim Rejection u/s 143(1)(a) of Income Tax Act [Read Order]")
Revision u/s 263 can be Invoked When the Assessment was Completed without Proper Enquiry: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has held that the revisional jurisdiction conferred under Section 263 of the Income Tax Act could be invoked even when the assessment order was...
![Revision u/s 263 can be Invoked When the Assessment was Completed without Proper Enquiry: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Revision-Assessment-Completed-without-Proper-Enquiry-Proper-Enquiry-Enquiry-ITAT-Taxscan.jpg "Revision u/s 263 can be Invoked When the Assessment was Completed without Proper Enquiry: ITAT [Read Order]")
Matters Pending Before CIT(A) for Adjudication cannot be Disputed in Proceedings u/s 263: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Rajkot Bench, has recently, in an appeal filed before it, held that matters pending before the CIT(A) for adjudication cannot be disputed in the proceedings...
![Matters Pending Before CIT(A) for Adjudication cannot be Disputed in Proceedings u/s 263: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Matters-Pending-Before-CITA-for-Adjudication-cannot-be-Disputed-in-Proceedings-CITA-Adjudication-Disputed-in-Proceedings-ITAT-Taxscan.jpg "Matters Pending Before CIT(A) for Adjudication cannot be Disputed in Proceedings u/s 263: ITAT [Read Order]")
![ITAT deletes Addition due to Time-Barred Issuance of Notice u/s 143(2) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-deletes-Addition-due-to-Time-Barred-Issuance-of-Notice-ITAT-Time-Barred-Issuance-of-Notice-Issuance-of-Notice-Notice-ITAT-deletes-Addition-Taxscan.jpg "ITAT deletes Addition due to Time-Barred Issuance of Notice u/s 143(2) [Read Order]")
Ownership of Equipment in Bandwidth Selling Business: ITAT upholds Reduction in Profit eligible for Deduction in Revenue Sharing [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the reduction in profit eligible for deduction in revenue sharing as the assessee had the ownership of equipment in bandwidth...
![Ownership of Equipment in Bandwidth Selling Business: ITAT upholds Reduction in Profit eligible for Deduction in Revenue Sharing [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Ownership-of-Equipment-in-Bandwidth-Selling-Business-Ownership-of-Equipment-Equipment-Selling-Business-ITAT-upholds-Reduction-ITAT-Deduction-in-Revenue-Sharing-Deduction-Revenue-Sharing-taxscan-.jpg "Ownership of Equipment in Bandwidth Selling Business: ITAT upholds Reduction in Profit eligible for Deduction in Revenue Sharing [Read Order]")
No Cogent and Satisfactory Explanation u/s 5 of Limitation Act: ITAT Refuses to Condone Delay of 781 Days [Read Order]
The Amritsar Bench of Income Tax Appellate Tribunal (ITAT) has refused to condone a delay of 781 days holding that cogent and satisfactory explanation were not furnished by the assessee as per...
![No Cogent and Satisfactory Explanation u/s 5 of Limitation Act: ITAT Refuses to Condone Delay of 781 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Cogent-and-Satisfactory-Explanation-Limitation-Act-ITAT-ITAT-Refuses-to-Condone-Delay-of-781-Days-Condone-Delay-taxscan.jpg "No Cogent and Satisfactory Explanation u/s 5 of Limitation Act: ITAT Refuses to Condone Delay of 781 Days [Read Order]")
AO cannot change DCF Method for Determining FMV of Unquoted Shares under Rule 11UA of IT Rules: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the DCF method for determining FMV of unquoted shares could not be changed by the assessing officer under Rule...
![AO cannot change DCF Method for Determining FMV of Unquoted Shares under Rule 11UA of IT Rules: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/AO-cannot-change-DCF-Method-for-Determining-FMV-of-Unquoted-Shares-AO-cannot-change-DCF-Method-AO-DCF-Method-Shares-IT-Rules-ITAT-Taxscan.jpg "AO cannot change DCF Method for Determining FMV of Unquoted Shares under Rule 11UA of IT Rules: ITAT [Read Order]")