ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Co-Operative Bank Eligible for 80P Deduction in respect of Income from Interest on Staff Welfare Fund and Staff Loans: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Co-Operative-Bank-Deduction-Income-Interest-Staff-Welfare-Fund-Staff-Loans-ITAT-Income-Tax-Taxscan.jpg "Co-Operative Bank Eligible for 80P Deduction in respect of Income from Interest on Staff Welfare Fund and Staff Loans: ITAT [Read Order]")
Co-Operative Bank Eligible for 80P Deduction in respect of Income from Interest on Staff Welfare Fund and Staff Loans: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that a co-operative bank is eligible for deduction under section 80P(2)(a)(i)...
![Assessment Passed Against Deceased Person Even After Knowledge of Death is Bad in Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Assessment-Deceased-Person-Law-ITAT-Taxscan.jpg "Assessment Passed Against Deceased Person Even After Knowledge of Death is Bad in Law: ITAT [Read Order]")
![Waiver of Cash Loan by Holding Company Not Taxable as Business Income u/s 28(iv) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Waiver-Cash-Loan-Holding-Company-Taxable-Business-Income-Income-Income-Tax-Act-Income-Tax-ITAT-Taxscan.jpg "Waiver of Cash Loan by Holding Company Not Taxable as Business Income u/s 28(iv) of Income Tax Act: ITAT [Read Order]")
![No Assessment shall be framed on basis of “Base Note” if assessee signed “Consent Waiver Form”: ITAT sets aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Assessment-Base-Note-Consent-Waiver-Form-ITAT-Taxscan.jpg "No Assessment shall be framed on basis of “Base Note” if assessee signed “Consent Waiver Form”: ITAT sets aside Order [Read Order]")
No Addition can be made Against Individual for Cash Deposit of Tuition Fee received from Students during Demonetization Period: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench, has deleted an addition under section 69A of the Income Tax Act, 1961 in respect of cash deposit during demonetization period holding that the...
![No Addition can be made Against Individual for Cash Deposit of Tuition Fee received from Students during Demonetization Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Cash-Deposit-Tuition-Fee-Demonetization-ITAT-Income-Tax-Tax-Taxscan.jpg "No Addition can be made Against Individual for Cash Deposit of Tuition Fee received from Students during Demonetization Period: ITAT [Read Order]")
Builder Liable to Pay Income Tax on Rental Income on Notional Basis of Municipal Ratable Value on Vacant Unsold Flats: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has directed the income tax department to compute income tax on the rental income on the basis of municipal ratable value for computing the...
![Builder Liable to Pay Income Tax on Rental Income on Notional Basis of Municipal Ratable Value on Vacant Unsold Flats: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Builder-Income-Tax-Rental-Income-Notional-Basis-Municipal-Ratable-Value-Unsold-Flats-ITAT-Taxscan.jpg "Builder Liable to Pay Income Tax on Rental Income on Notional Basis of Municipal Ratable Value on Vacant Unsold Flats: ITAT [Read Order]")
Order Passed by AO does not Satisfy Twin Conditions of "Erroneous and Prejudicial to the Interest of the Revenue”: ITAT sets aside Pr. CIT's Order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, on finding that the order passed by the A.O. did not satisfy the twin conditions of "erroneous and...
![Order Passed by AO does not Satisfy Twin Conditions of Erroneous and Prejudicial to the Interest of the Revenue”: ITAT sets aside Pr. CITs Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Twin-Conditions-Interest-Revenue-ITAT-Taxscan.jpg "Order Passed by AO does not Satisfy Twin Conditions of Erroneous and Prejudicial to the Interest of the Revenue”: ITAT sets aside Pr. CITs Order [Read Order]")
ITAT quashes Addition for Unexplained Expenditure made on mere Extrapolation and Presumption [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has held that addition for unexplained expenditure could not be made on mere extrapolation and presumption. The assessee, Assam Kerala...
![ITAT quashes Addition for Unexplained Expenditure made on mere Extrapolation and Presumption [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Unexplained-Expenditure-Extrapolation-Presumption-Taxscan.jpeg "ITAT quashes Addition for Unexplained Expenditure made on mere Extrapolation and Presumption [Read Order]")
![No Income Tax Addition can be made in respect of Addition under the Black Money Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Tax-Addition-Income-Tax-Addition-Black-Money-Act-ITAT-Taxscan.jpg "No Income Tax Addition can be made in respect of Addition under the Black Money Act: ITAT [Read Order]")
Courts shall not go strictly by the Rulebook to deny Justice to Deserving Litigant as it would lead to Miscarriage of Justice: ITAT [Read Order]
The Jaipur bench of Income Tax Appellate Tribunal (ITAT), recently by observing the decision of Supreme Court, held that courts should not go strictly by the rulebook to deny justice to deserving...
![Courts shall not go strictly by the Rulebook to deny Justice to Deserving Litigant as it would lead to Miscarriage of Justice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/ITAT-Supreme-Court-CITA-Courts-taxscan.jpg "Courts shall not go strictly by the Rulebook to deny Justice to Deserving Litigant as it would lead to Miscarriage of Justice: ITAT [Read Order]")
Deduction u/s 54F not Allowable if Assessee has More Than a Residential House at the Time of Claiming the Deduction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Hyderabad Bench, has recently, in an appeal filed before it, held that deduction u/s 54F is not allowable, if assessee has more than a residential house at...
![Deduction u/s 54F not Allowable if Assessee has More Than a Residential House at the Time of Claiming the Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Deduction-Residential-House-taxscan.jpeg "Deduction u/s 54F not Allowable if Assessee has More Than a Residential House at the Time of Claiming the Deduction: ITAT [Read Order]")