ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Incriminating Material found during Surveys when relied by CIT(A), copies should be provided to assessee in adherence to Principles of Natural Justice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Material-CITA-Principles-Natural-Justice-ITAT-TAXSCAN.jpg "Incriminating Material found during Surveys when relied by CIT(A), copies should be provided to assessee in adherence to Principles of Natural Justice: ITAT [Read Order]")
Incriminating Material found during Surveys when relied by CIT(A), copies should be provided to assessee in adherence to Principles of Natural Justice: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) of Varanasi Bench has held that when the department relies on the incriminating material found during...
![Firm Eligible to Deduct Profit from Sale of Flats Declared as Stock-in-Trade to Partners u/s 80IB (10) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Firm-Profit-Sale-of-Flats-Stock-in-Trade-Partners-Income-Tax-Act-ITAT-Taxscan.jpg "Firm Eligible to Deduct Profit from Sale of Flats Declared as Stock-in-Trade to Partners u/s 80IB (10) of Income Tax Act: ITAT [Read Order]")
![Income Tax Deduction u/s 10AA of Income Tax Act cannot be Availed without Tax Audit Report: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Deduction-Income-Tax-Income-Tax-Act-Tax-Audit-Report-ITAT-Taxscan.jpg "Income Tax Deduction u/s 10AA of Income Tax Act cannot be Availed without Tax Audit Report: ITAT [Read Order]")
![Books of Accounts Need not be Maintained If Income is Offered on Presumptive Basis u/s 44AD of IT Act: ITAT deletes Addition against Vegetable Vendor [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Books-of-Accounts-Income-Presumptive-us-44AD-of-IT-Act-ITAT-Addition-Vegetable-Vendor-Taxscan.jpg "Books of Accounts Need not be Maintained If Income is Offered on Presumptive Basis u/s 44AD of IT Act: ITAT deletes Addition against Vegetable Vendor [Read Order]")
![Huge Delay of 988 Days in filing Appeal cannot be condoned for Vague Reasons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Appeal-Delay-Vague-Reasons-Reasons-ITAT-Taxscan.jpg "Huge Delay of 988 Days in filing Appeal cannot be condoned for Vague Reasons: ITAT [Read Order]")
![Vague Show Cause Notice: ITAT deletes Penalty u/s 271(1)(b) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Show-Cause-Notice-ITAT-Penalty-Income-Tax-Act-Income-Tax-Tax-Taxscan.jpg "Vague Show Cause Notice: ITAT deletes Penalty u/s 271(1)(b) of Income Tax Act [Read Order]")
Addition of Sundry Debtors/Advance to Growers cannot be made u/s 68 of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Amritsar Bench, has recently, in an appeal filed before it, held that addition of sundry debtors/advance to growers cannot be made under section 68 of...
![Addition of Sundry Debtors/Advance to Growers cannot be made u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Sundry-Debtors-Addition-of-Sundry-Debtors-Income-Tax-Act-Income-Tax-ITAT-Taxscan.jpg "Addition of Sundry Debtors/Advance to Growers cannot be made u/s 68 of Income Tax Act: ITAT [Read Order]")
![Higher Rate of Depreciation at 50% Allowable on Commercial Vehicles Only: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Depreciation-Commercial-Vehicles-ITAT-Higher-Rate-of-Depreciation-Taxscan.jpg "Higher Rate of Depreciation at 50% Allowable on Commercial Vehicles Only: ITAT [Read Order]")
Amount of Provision for Bad and Doubtful Debts Reduced from Sundry Debtors Balance won't be hit by Clause (i) of Explanation to Sec 115JB:Â ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the amount of provision for bad and doubtful debts reduced from Sundry Debtors Balance won't be hit by Clause (i) of...
![Amount of Provision for Bad and Doubtful Debts Reduced from Sundry Debtors Balance wont be hit by Clause (i) of Explanation to Sec 115JB:Â ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Amount-of-Provision-Provision-Doubtful-Debt-Bad-debt-Sundry-Debtors-Sundry-Debtors-Balance-Explanation-ITAT-Taxscan.jpg "Amount of Provision for Bad and Doubtful Debts Reduced from Sundry Debtors Balance wont be hit by Clause (i) of Explanation to Sec 115JB:Â ITAT [Read Order]")
ITAT deletes Addition on Cash Deposits during Demonetization Period on Proper Explanation as to Utilization [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted the addition of cash deposits during demonetization on proper explanation as to utilization of the cash deposit. During the...
![ITAT deletes Addition on Cash Deposits during Demonetization Period on Proper Explanation as to Utilization [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/ITAT-Cash-Deposits-Demonetization-Period-Demonetization-Proper-Explanation-Taxscan.jpg "ITAT deletes Addition on Cash Deposits during Demonetization Period on Proper Explanation as to Utilization [Read Order]")
Imposes Penalty for violation of Section 269SS without Jurisdiction: ITAT quashes the Order [Read Order]
The Hyderabad Income Tax Appellate Tribunal ( ITAT ) set aside the order of the Commissioner of Income Tax (Appeals)[(CIT)(A)]/NFAC and directed the Assessing Officer (AO) to cancel the penalty...
![Imposes Penalty for violation of Section 269SS without Jurisdiction: ITAT quashes the Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Penalty-Jurisdiction-ITAT-taxscan.jpg "Imposes Penalty for violation of Section 269SS without Jurisdiction: ITAT quashes the Order [Read Order]")
Receipts from Leasing/Hiring of RIGs Taxable as Business Profits u/s 44BB of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Authority ( ITAT ) has recently held that receipts from leasing/hiring of Rigs are taxable as business profits under section 44BB of the Income Tax Act,...
![Receipts from Leasing/Hiring of RIGs Taxable as Business Profits u/s 44BB of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Receipts-Leasing-Hiring-of-RIGs-Taxable-Business-Profits-Income-Tax-Act-ITAT-Taxscan.jpg "Receipts from Leasing/Hiring of RIGs Taxable as Business Profits u/s 44BB of Income Tax Act: ITAT [Read Order]")