ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Levy of Fees under Section 234E for Delayed Furnishing Unlawful in the Absence of Enabling Provision of Section 200A(1)(c): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Levy-of-Fees-Furnishing-Unlawful-Provision-ITAT-Taxscan.jpg "Levy of Fees under Section 234E for Delayed Furnishing Unlawful in the Absence of Enabling Provision of Section 200A(1)(c): ITAT [Read Order]")
Levy of Fees under Section 234E for Delayed Furnishing Unlawful in the Absence of Enabling Provision of Section 200A(1)(c): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, held that the levy of fees under Section 234E for...
![No Additions to be Made De Hors Any Incriminating Material for Assessment u/s 153A: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Additions-Incriminating-Material-Assessment-ITAT-Additions-Taxscan.jpg "No Additions to be Made De Hors Any Incriminating Material for Assessment u/s 153A: ITAT [Read Order]")
![No Notice to Assessee and Ex-parte Decision in Addition and Confirmation of Cash Deposits: ITAT restores Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Notice-Ex-parte-Decision-Cash-Deposits-Confirmation-of-Cash-Deposits-ITAT-taxscan.jpg "No Notice to Assessee and Ex-parte Decision in Addition and Confirmation of Cash Deposits: ITAT restores Matter to AO [Read Order]")
![Activity of Providing Courses for Women is Charitable in Nature: ITAT allows IT Refund to Women Training Institute [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Activity-of-Providing-Courses-Providing-Courses-for-Women-Courses-for-Women-Charitable-ITAT-IT-Refund-Refund-Women-Training-Institute-Taxscan.jpg "Activity of Providing Courses for Women is Charitable in Nature: ITAT allows IT Refund to Women Training Institute [Read Order]")
![No Disallowance of Commission paid to U.SÂ Sales Agent for Selling Products in U.S u/s 40(a)(i) of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Commission-paid-Sales-Agent-Selling-Products-Income-Tax-Act-Income-Tax-ITAT-Taxscan.jpg "No Disallowance of Commission paid to U.SÂ Sales Agent for Selling Products in U.S u/s 40(a)(i) of the Income Tax Act: ITAT [Read Order]")
Interest Income of Farmers Services Co-operative Society from Fixed Deposits in Union Bank of India deductible u/s 80P (2)(a)(i): ITAT [Read Order]
The Hyderabad bench of Income Tax Appellate Tribunal (ITAT) recently held that interest income of Farmers service co-operative society from fixed deposits in Union Bank of India is deductible under...
![Interest Income of Farmers Services Co-operative Society from Fixed Deposits in Union Bank of India deductible u/s 80P (2)(a)(i): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Interest-Income-Farmers-Services-Co-operative-Society-Services-Co-operative-Society-Fixed-Deposits-Union-Bank-of-India-ITAT-Taxscan.jpg "Interest Income of Farmers Services Co-operative Society from Fixed Deposits in Union Bank of India deductible u/s 80P (2)(a)(i): ITAT [Read Order]")
Relief to Cricket Club of India: ITAT upholds Restriction of 2% Disallowance by AO on Exempt Income u/s 14A of Income Tax Act [Read Order]
While entertaining the appeal filed by the Cricket Club of India (CCI), the Mumbai Bench of Income Tax of Appellate Tribunal (ITAT) upheld the view of the Assessing Officer (AO) which restricted the...
![Relief to Cricket Club of India: ITAT upholds Restriction of 2% Disallowance by AO on Exempt Income u/s 14A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Cricket-Club-of-India-Disallowance-Assessing-Officer-Dividend-income-Income-Tax-Income-Tax-Act-Tax-Income-Taxscan.jpg "Relief to Cricket Club of India: ITAT upholds Restriction of 2% Disallowance by AO on Exempt Income u/s 14A of Income Tax Act [Read Order]")
Relief to Petrofils Co-op. Ltd: ITAT allows the Claim of Unabsorbed Brought-forward Depreciation to be Set off against Income from Other Sources
By allowing the claim of unabsorbed brought-forward depreciation to be adjusted against the income from other sources, the Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) granted relief...
Purchase of Furniture, AC to Make New House Habitable Eligible for Capital Gain Deduction: ITAT [Read Order]
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT), recently observed that the purchase of Furniture, Air Conditioner to make new house habitable is eligible for capital gain deduction. ...
![Purchase of Furniture, AC to Make New House Habitable Eligible for Capital Gain Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Purchase-of-Furniture-New-House-Capital-Gain-Deduction-Capital-Gain-Deduction-ITAT-Taxscan.jpg "Purchase of Furniture, AC to Make New House Habitable Eligible for Capital Gain Deduction: ITAT [Read Order]")
Mere Waiver of Interest on Loan b/w Parties will not Vitiate Genuineness of Loan Transaction Until Dept has Cogent Material to Prove Otherwise: ITAT
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that mere waiver of interest on a loan between parties will not vitiate the genuineness of the loan transaction unless and until the...
Advance Amount Forfeited on Cancellation of Sale Agreement is Deductible from the Cost of Acquisition: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that advance amount forfeited on cancellation of sale agreement, is deductible from the cost of...
![Advance Amount Forfeited on Cancellation of Sale Agreement is Deductible from the Cost of Acquisition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Advance-Amount-Cancellation-of-Sale-Agreement-Sale-Agreement-ITAT-Taxscan.jpg "Advance Amount Forfeited on Cancellation of Sale Agreement is Deductible from the Cost of Acquisition: ITAT [Read Order]")
![Non-Application of Mind by AO: ITAT quashes Income Tax Penalty u/s 271(1)(c) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/AO-ITAT-quashes-Income-Tax-Penalty-ITAT-Income-Tax-Penalty-Income-Tax-Penalty-Taxscan.jpg "Non-Application of Mind by AO: ITAT quashes Income Tax Penalty u/s 271(1)(c) [Read Order]")