ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Section 263 cannot be invoked on mere Non-Reference of Cash Transaction by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Cash-Transaction-ITAT-Non-Reference-of-Cash-Transaction-by-AO-Non-Reference-of-Cash-Transaction-taxscan.jpg "Section 263 cannot be invoked on mere Non-Reference of Cash Transaction by AO: ITAT [Read Order]")
Section 263 cannot be invoked on mere Non-Reference of Cash Transaction by AO: ITAT [Read Order]
The Raipur Bench of Income Tax Appellate Tribunal (ITAT) has held that Section 263 of the Income Tax Act, 1961 could not be invoked on mere non...
![Sales Reversal Entry is not Unexplained Expenditure: ITAT quashes Revision Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Sales-Reversal-Entry-is-not-Unexplained-Expenditure-Sales-Reversal-Entry-Unexplained-Expenditure-ITAT-quashes-Revision-Proceedings-ITAT-Revision-Proceedings-Taxscan.jpg "Sales Reversal Entry is not Unexplained Expenditure: ITAT quashes Revision Proceedings [Read Order]")
![Carbon Credit Receipt is Capital Receipt: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Carbon-Credit-Receipt-is-Capital-Receipt-Carbon-Credit-Receipt-Capital-Receipt-ITAT-deletes-Income-Tax-Addition-ITAT-Income-Tax-Addition-Taxscan.jpg "Carbon Credit Receipt is Capital Receipt: ITAT deletes Income Tax Addition [Read Order]")
![No Addition can be made u/s 69 of Income Tax Act on Money kept for Treatment of Grand Mother: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Tax-Act-Money-kept-for-Treatment-of-Grand-Mother-Treatment-of-Grand-Mother-Treatment-ITAT-Taxscan.jpg "No Addition can be made u/s 69 of Income Tax Act on Money kept for Treatment of Grand Mother: ITAT [Read Order]")
![No Penalty u/s 271B of Income Tax Act when there is Reasonable Cause for not getting Audited u/s 44AB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Income-Tax-Act-Reasonable-Cause-for-not-getting-Audited-ITAT-Taxscan.jpg "No Penalty u/s 271B of Income Tax Act when there is Reasonable Cause for not getting Audited u/s 44AB: ITAT [Read Order]")
ITAT Deletes Penalty U/S 271(1) (c) On Assessee in Absence of Concealment or Inaccurate Particulars of Income [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the penalty under Section 271(1) (c) of the Income Tax Act on the assessee in the absence of concealment or inaccurate particulars...
![ITAT Deletes Penalty U/S 271(1) (c) On Assessee in Absence of Concealment or Inaccurate Particulars of Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Deletes-Penalty-Assessee-Absence-of-Concealment-Inaccurate-Particulars-of-Income-Income-Taxscan.jpg "ITAT Deletes Penalty U/S 271(1) (c) On Assessee in Absence of Concealment or Inaccurate Particulars of Income [Read Order]")
Income Tax Deduction u/s 80IA of the Act available to Income from Independent Power Generation Undertaking Units for Generating Power: ITAT
The Chennai bench of Income Tax Appellate Tribunal (ITAT) has recently held that income tax deduction under Section 80IA of the Income Tax Act should be available to income from independent power...
Income Escaped for Assessment not Represented "in the form of an asset": ITAT quashes Addition u/s 153A Towards Bogus Purchase and Disallowance of Salary
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has quashed the addition under Section 153A of the Income Tax Act, 1961 towards bogus purchase and disallowance of salary as the income...
ITAT deletes Long Term Capital Gains Addition on Forfeited Advance Amount without Transfer of Capital Asset [Read Order]
The Delhi bench (single member bench) of the Income Tax Appellate Tribunal (ITAT) recently deleted the long term capital gains addition on forfeited advance amount without transfer of capital asset. ...
![ITAT deletes Long Term Capital Gains Addition on Forfeited Advance Amount without Transfer of Capital Asset [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-deletes-Long-Term-Capital-Gains-ITAT-Long-Term-Capital-Gains-Forfeited-Advance-Amount-Advance-Amount-Transfer-of-Capital-Asset-Capital-Asset-Taxscan.jpg "ITAT deletes Long Term Capital Gains Addition on Forfeited Advance Amount without Transfer of Capital Asset [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 of a manual assessment order without a...
![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]")
Global Operation Fee Received from GETDIL is not Fees from Technical Services under the provisions of India-UK DTAA: ITAT grants relief to UK Grid Solution
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the global operation fee received from GE T&D India Ltd (GETDIL) is a fee from technical services (FTS)...
Income Earned and Declared by Wife on Sale of Jointly-Owned Property not taxable at the hands of Husband: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that income earned and declared by the wife on sale of joint-owned property is not taxable at the hands of the...
![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]")