ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Assessee failed to Explain Cash found during Search: ITAT Upholds Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Assessee-Explain-Cash-found-during-Search-ITAT-Addition-Taxscan.jpg "Assessee failed to Explain Cash found during Search: ITAT Upholds Addition [Read Order]")
Assessee failed to Explain Cash found during Search: ITAT Upholds Addition [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has upheld the addition as the assessee has failed to explain the cash found during the...
![Mere Possession of Bank Passbook not to be treated as Books of Accounts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/possession-of-bank-passbook-bank-passbook-ITAT-Books-of-Accounts-Income-Tax-Taxscan.jpg "Mere Possession of Bank Passbook not to be treated as Books of Accounts: ITAT [Read Order]")
![Death of Assessee during Income Tax Assessment Proceedings: ITAT directs Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Assessment-Income-Tax-Assessment-ITAT-Re-Adjudication-Taxscan.jpg "Death of Assessee during Income Tax Assessment Proceedings: ITAT directs Re-Adjudication [Read Order]")
![Cash Deposits of Agricultural Income not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/cash-deposit-agricultural-income-tax-income-tax-ITAT-Taxable-Taxscan.jpg "Cash Deposits of Agricultural Income not Taxable: ITAT [Read Order]")
![Income Calculated without considering Capital Expenditure is not valid: Orissa HC upholds ITAT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Capital-Expenditure-Orissa-High-Court-ITAT-ITAT-Order-Taxscan.jpg "Income Calculated without considering Capital Expenditure is not valid: Orissa HC upholds ITAT Order [Read Order]")
Agricultural Land is Not Capital Asset u/s 2(14)(iii)(b) of Income Tax Act, No Capital Gain: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Jaipur Bench, has recently, in an appeal filed before it, held that there is no capital gain in case of agricultural land as the same is not a capital...
![Agricultural Land is Not Capital Asset u/s 2(14)(iii)(b) of Income Tax Act, No Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Agricultural-Land-Capital-Asset-Income-Tax-Act-Income-Tax-Tax-Capital-Gain-ITAT-Taxscan.jpg "Agricultural Land is Not Capital Asset u/s 2(14)(iii)(b) of Income Tax Act, No Capital Gain: ITAT [Read Order]")
Audit Report u/s 44B furnished along with ITR before Completion of Assessment: ITAT deletes Penalty u/s 271B of Income Tax Act [Read Order]
The Chennai bench of Income Tax Appellate Tribunal ( ITAT ) has recently held that no penalty would be levied if the audit report under section 44B of Income Tax Act 1961 was furnished along with...
![Audit Report u/s 44B furnished along with ITR before Completion of Assessment: ITAT deletes Penalty u/s 271B of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Audit-Report-ITR-Assessment-ITAT-Penalty-Income-Tax-Act-Income-Tax-Tax-Taxscan.jpg "Audit Report u/s 44B furnished along with ITR before Completion of Assessment: ITAT deletes Penalty u/s 271B of Income Tax Act [Read Order]")
Mere Rejection of A Claim will not Invite Levy of Penalty u/s 271(1)(C) Of Income Tax Act: ITAT [Read Order]
The Ahmedabad Income Tax Appellate Tribunal (ITAT) has recently held that mere rejection of a claim would not invite levy of penalty under section 271(1)(C) of Income Tax Act, 1961. Section...
![Mere Rejection of A Claim will not Invite Levy of Penalty u/s 271(1)(C) Of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Levy-of-Penalty-Penalty-Income-Tax-Act-ITAT-taxscan.jpg "Mere Rejection of A Claim will not Invite Levy of Penalty u/s 271(1)(C) Of Income Tax Act: ITAT [Read Order]")
Cess on Royalty Payment is Deductible when Entire Amount of Royalty Paid was Deleted: ITAT Grants Relief to Maruti Suzuki [Read Order]
While granting relief the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Cess on royalty payment is deductible when the entire amount of royalty paid was deleted. Maruti...
![Cess on Royalty Payment is Deductible when Entire Amount of Royalty Paid was Deleted: ITAT Grants Relief to Maruti Suzuki [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Cess-Cess-on-Royalty-Payment-Royalty-Payment-Amount-ITAT-Maruti-Suzuki-Taxscan.jpg "Cess on Royalty Payment is Deductible when Entire Amount of Royalty Paid was Deleted: ITAT Grants Relief to Maruti Suzuki [Read Order]")
Certain Expenditure is Advantageous in Long run by Creating Goodwill Amounts to Business Expenditure: ITAT Allows Deduction u/s 37(1) to Maruti Suzuki [Read Order]
In a significant case, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) allowed the deduction under section 37(1) of the Income Tax Act 1961 to Maruti Suzuki and observed that certain...
![Certain Expenditure is Advantageous in Long run by Creating Goodwill Amounts to Business Expenditure: ITAT Allows Deduction u/s 37(1) to Maruti Suzuki [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Expenditure-Goodwill-Business-Expenditure-ITAT-Deduction-Maruti-Suzuki-Taxscan.jpg "Certain Expenditure is Advantageous in Long run by Creating Goodwill Amounts to Business Expenditure: ITAT Allows Deduction u/s 37(1) to Maruti Suzuki [Read Order]")
Penalties u/ss 271(1)(b) and 271F of Income Tax Act cannot be Levied If There is “Reasonable Cause”: ITAT [Read Order]
Penalties u/s 271(1)(b) and 271F of Income Tax Act cannot be Levied If there is “Reasonable Cause”: ITAT The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the penalties...
![Penalties u/ss 271(1)(b) and 271F of Income Tax Act cannot be Levied If There is “Reasonable Cause”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Penalties-271F-of-Income-Tax-Act-Reasonable-Cause-ITAT-Taxscan.jpg "Penalties u/ss 271(1)(b) and 271F of Income Tax Act cannot be Levied If There is “Reasonable Cause”: ITAT [Read Order]")
Income from giving Commercial Properties for Compensation as per MOA Taxable as “Business Income”: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the income from giving commercial properties for compensation as per Memorandum of Association (MOA) would be taxable as...
![Income from giving Commercial Properties for Compensation as per MOA Taxable as “Business Income”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-giving-Commercial-Properties-Compensation-MOA-Taxable-Business-Income-ITAT-Taxscan.jpg "Income from giving Commercial Properties for Compensation as per MOA Taxable as “Business Income”: ITAT [Read Order]")