ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![No Disallowance to Chargeable sum paid to Foreign Company without Deduction of Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Disallowance-to-Chargeable-sum-Foreign-Company-Deduction-of-Tax-ITAT-Taxscan.jpg "No Disallowance to Chargeable sum paid to Foreign Company without Deduction of Tax: ITAT [Read Order]")
No Disallowance to Chargeable sum paid to Foreign Company without Deduction of Tax: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that disallowance shall not be made to a chargeable sum paid to a foreign...
![“Reasonable Cause” u/s 269SS of Income Tax Act shall be related to Meet Exigency of Business: ITAT deletes Penalty u/s 271D [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Reasonable-Cause-Income-Tax-Act-Income-Tax-Tax-Business-ITAT-Penalty-Taxscan.jpg "“Reasonable Cause” u/s 269SS of Income Tax Act shall be related to Meet Exigency of Business: ITAT deletes Penalty u/s 271D [Read Order]")
![S. 50C Not Applicable on Transfer of Property held as “Stock-in-Trade”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Transfer-of-Property-Property-Stock-in-Trade-Stock-Trade-ITAT-Taxscan.jpg "S. 50C Not Applicable on Transfer of Property held as “Stock-in-Trade”: ITAT [Read Order]")
![Relief to S&P Global India: Payment for Use of Shrink Wrap Computer Software Not Royalty, Rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/SP-Global-India-Payment-Shrink-Wrap-Computer-Software-Royalty-ITAT-Taxscan.jpg "Relief to S&P Global India: Payment for Use of Shrink Wrap Computer Software Not Royalty, Rules ITAT [Read Order]")
Profit Margin Forgone by Flipkart India while Selling Goods cannot be treated as “Expenditure in Creating Intangible or Goodwill”: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that the profit margin forgone by Flipkart India while selling goods could not be treated as expenditure in creating intangible or...
![Profit Margin Forgone by Flipkart India while Selling Goods cannot be treated as “Expenditure in Creating Intangible or Goodwill”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Profit-Flipkart-India-Flipkart-Selling-Goods-Goodwill-ITAT-Income-Tax-Tax-Taxscan-1.jpg "Profit Margin Forgone by Flipkart India while Selling Goods cannot be treated as “Expenditure in Creating Intangible or Goodwill”: ITAT [Read Order]")
![Income Tax Addition cannot be made due to Misreporting by Insurance Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Tax-Addition-Misreporting-Insurance-Company-ITAT-Taxscan.jpg "Income Tax Addition cannot be made due to Misreporting by Insurance Company: ITAT [Read Order]")
Relief to Kerala Gramin Bank, No late fee interest u/s 234E(1)for processing on the period before amendment: ITAT
In the case of Kerala Gramin Bank, the Cochin bench of the Income Tax Appellate Tribunal (ITAT) has held that late fee interest under section 234E(1) is not leviable for processing on the period...
![Right to Use Trademark is “Royalty” as per Indo-Netherland DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Trademark-Royalty-DTAA-ITAT-Income-Tax-Tax-Taxscan.jpg "Right to Use Trademark is “Royalty” as per Indo-Netherland DTAA: ITAT [Read Order]")
TDS Credit in respect of Interest Received from Deceased Wife’s Deposit cannot be Denied to Assessee: ITAT [Read Order]
The Cochin Income Tax Appellate Tribunal ( ITAT ) has recently held that the Tax Deduction at Source credit in respect of interest received from the deceased wife’s deposit could not be denied...
![TDS Credit in respect of Interest Received from Deceased Wife’s Deposit cannot be Denied to Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/TDS-Credit-TDS-Interest-Received-Interest-Deposit-Deceased-Wife-Assessee-ITAT-Taxscan.jpg "TDS Credit in respect of Interest Received from Deceased Wife’s Deposit cannot be Denied to Assessee: ITAT [Read Order]")
Security Deposit for Freezer Taxable only on the year of Termination of Distributor Agreement: ITAT [Read Order]
The Cochin Income Tax Appellate Tribunal (ITAT) has recently held that the security deposit for the freezer was taxable only on the year of termination of distributor agreement. The assessee...
![Security Deposit for Freezer Taxable only on the year of Termination of Distributor Agreement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Security-Deposit-Freezer-Taxable-Termination-Distributor-Agreement-ITAT-TAXSCAN.jpg "Security Deposit for Freezer Taxable only on the year of Termination of Distributor Agreement: ITAT [Read Order]")