ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Issuance of Manual Final Assessment Order without DIN: ITAT quashes Income Tax Scrutiny Assessment u/s 143(3) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Issuance-of-Manual-Final-Assessment-Order-Assessment-Order-DIN-ITAT-quashes-Income-Tax-Scrutiny-Assessment-Income-Tax-Scrutiny-Assessment-Income-Tax-Taxscan.jpg "Issuance of Manual Final Assessment Order without DIN: ITAT quashes Income Tax Scrutiny Assessment u/s 143(3) [Read Order]")
Issuance of Manual Final Assessment Order without DIN: ITAT quashes Income Tax Scrutiny Assessment u/s 143(3) [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has quashed the Income Tax Scrutiny Assessment under section 143(3) due to the issuance...
![Income Earned and Declared by Wife on Sale of Jointly-Owned Property not taxable at the hands of Husband: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Earned-and-Declared-by-Wife-on-Sale-of-Jointly-Owned-Property-Income-Earned-and-Declared-Sale-of-Jointly-Owned-Property-Jointly-Owned-Property-taxable-ITAT-Taxscan.jpg "Income Earned and Declared by Wife on Sale of Jointly-Owned Property not taxable at the hands of Husband: ITAT [Read Order]")
![Bad debts allowable as Deduction u/s 36(1)(vii) of Income Tax Act: ITAT allows Bank of Barodas Plea [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Bad-debts-allowable-as-Deduction-Bad-debts-Deduction-Income-Tax-Act-Income-Tax-ITAT-allows-Bank-of-Barodas-Plea-ITAT-Bank-of-Barodas-Plea-Bank-of-Baroda-taxscan.jpg "Bad debts allowable as Deduction u/s 36(1)(vii) of Income Tax Act: ITAT allows Bank of Barodas Plea [Read Order]")
![Motor Vehicles qualify as Self-Propelled Vehicles: ITAT confirms Deletion of Disallowance of Excess Claim of Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Motor-Vehicles-Self-Propelled-Vehicles-ITAT-Excess-Claim-Claim-Depreciation-Taxscan.jpg "Motor Vehicles qualify as Self-Propelled Vehicles: ITAT confirms Deletion of Disallowance of Excess Claim of Depreciation [Read Order]")
Limitation Period u/s 263(2) of Income Tax Act begins from date of Original Assessment Order not from Reassessment Order: ITAT quashes Revision Order
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that the limitation period under section 263(2) of Income Tax Act, 1961 begins from the date of original assessment order not...
Interest Income from Fixed Deposit of Co-operative Society made during the course of Business eligible for Deduction u/s 80P(2)(a)(i) of Income Tax Act: ITAT
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) has recently held that interest income from fixed deposits of co-operative society made during the course of business is eligible for...
No addition can be made u/s 69B of Income Tax Act on account of Jewelry shown in Wealth Tax Return: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that no addition could be made under Section 69B of Income Tax Act on account of jewellery shown in wealth tax return. ...
![No addition can be made u/s 69B of Income Tax Act on account of Jewelry shown in Wealth Tax Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/addition-Income-Tax-Act-Jewelry-shown-in-Wealth-Tax-Return-Wealth-Tax-Return-ITAT-Taxscan.jpg "No addition can be made u/s 69B of Income Tax Act on account of Jewelry shown in Wealth Tax Return: ITAT [Read Order]")
Coercion Shouldn’t be there to Admit Undisclosed Income, Admissions Should be Backed by Credible Evidence: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that coercion shouldn’t be there to admit undisclosed income, and also that admissions should...
![Coercion Shouldn’t be there to Admit Undisclosed Income, Admissions Should be Backed by Credible Evidence: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Coercion-Undisclosed-Income-Credible-Evidence-Evidence-ITAT-Taxscan.jpg "Coercion Shouldn’t be there to Admit Undisclosed Income, Admissions Should be Backed by Credible Evidence: ITAT [Read Order]")
Unsecured Loan Taken at Higher Rate for Commercial Expediency Admissible under Section 57(iii): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently in an appeal filed before it, held that unsecured loan taken at higher rate for commercial expediency is admissible under...
![Unsecured Loan Taken at Higher Rate for Commercial Expediency Admissible under Section 57(iii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Loan-Taken-Higher-Rate-for-Commercial-Expediency-Admissible-Section-57iii-ITAT-TAXSCAN.jpg "Unsecured Loan Taken at Higher Rate for Commercial Expediency Admissible under Section 57(iii): ITAT [Read Order]")
Approval Granted u/s 153D of Income Tax Act without Verifying Assessment Records: ITAT quashes Assessment u/s 153A of Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) while quashing the assessment passed under Section 153A of the Income Tax Act 1961 observed that approval granted under Section 153D...
![Approval Granted u/s 153D of Income Tax Act without Verifying Assessment Records: ITAT quashes Assessment u/s 153A of Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Approval-Income-Tax-Act-Assessment-Records-Assessment-ITAT-quashes-Assessment-ITAT-Taxscan.jpg "Approval Granted u/s 153D of Income Tax Act without Verifying Assessment Records: ITAT quashes Assessment u/s 153A of Act [Read Order]")
