ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
Non-Specifying of Specific Limb in Penalty Notice will not Invalidate Penalty Proceedings When Assessee is a Non-filer: ITAT
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that non specifying of specific limb in penalty notice would not invalidate...
![Non-Compliance of Notices and Non-furnishing of Evidence Even After Five Opportunities granted by AO: ITAT Imposes Cost of Rs. 10,000 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Notices-Non-furnishing-Five-Opportunities-ITAT-Cost-Income-Tax-Tax-Taxscan.jpg "Non-Compliance of Notices and Non-furnishing of Evidence Even After Five Opportunities granted by AO: ITAT Imposes Cost of Rs. 10,000 [Read Order]")
![Offshore Supply of Escalators and Elevators not Taxable in India: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Offshore-Escalators-Elevators-Taxable-not-Taxable-ITAT-Addition-Income-Tax-Tax-Taxscan.jpg "Offshore Supply of Escalators and Elevators not Taxable in India: ITAT deletes Addition [Read Order]")
![Firm comprising of Individual Partners cannot be treated as AOP: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Firm-comprising-of-Individual-Partners-AOP-ITAT-Taxscan.jpeg "Firm comprising of Individual Partners cannot be treated as AOP: ITAT [Read Order]")
![Once Trust is Assessed as AOP Denied of S. 11 Exemption, Entire Receipts shall be Assessed as Business Income: ITAT Allows Depreciation Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Once-Trust-Assessed-as-AOP-Denied-of-S.-11-Exemption-Entire-Receipts-Assessed-Business-Income-ITAT-Depreciation-Claim-Taxscan.jpg "Once Trust is Assessed as AOP Denied of S. 11 Exemption, Entire Receipts shall be Assessed as Business Income: ITAT Allows Depreciation Claim [Read Order]")
No TDS applicable on Race Promotion Contract Fees Taxable at the hands of Payee: ITAT quashes Income Tax Disallowance [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT )has recently quashed the disallowance for payment done in lieu of race promotion contract expenses as the same was taxable at the hands of...
![No TDS applicable on Race Promotion Contract Fees Taxable at the hands of Payee: ITAT quashes Income Tax Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/TDS-Race-promotion-contract-Taxable-payee-Income-Tax-Contract-Fees-ITAT-Taxscan.jpg "No TDS applicable on Race Promotion Contract Fees Taxable at the hands of Payee: ITAT quashes Income Tax Disallowance [Read Order]")
![Depreciation at 60% Not Allowable on Robotix Kits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Depreciation-Robotix-Kits-ITAT-Income-Tax-Tax-Taxscan.jpg "Depreciation at 60% Not Allowable on Robotix Kits: ITAT [Read Order]")
Interest Paid on Borrowing by Assessee carrying out Business in Investing in Shares Allowable as Business Expenditure: ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) has recently held that interest paid on borrowing by assessee carrying out business in investing in shares allowable as business...
![Interest Paid on Borrowing by Assessee carrying out Business in Investing in Shares Allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Interest-Paid-Interest-Borrowing-Business-Investing-in-Shares-Business-Expenditure-ITAT-Income-Tax-Tax-Taxscan.jpg "Interest Paid on Borrowing by Assessee carrying out Business in Investing in Shares Allowable as Business Expenditure: ITAT [Read Order]")
“Deemed Dividend” Not Applicable to Payment by Company on behalf of Shareholder for Purchase Property as a Stop Gap Arrangement subsequently Re-paid: ITAT [Read Order]
The Chennai Income Tax Appellate Tribunal ( ITAT ) has recently held that deemed dividend would not be applicable to payment by company on behalf of shareholder for purchase property as a stop gap...
![“Deemed Dividend” Not Applicable to Payment by Company on behalf of Shareholder for Purchase Property as a Stop Gap Arrangement subsequently Re-paid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Deemed-Dividend-Payment-Shareholder-Purchase-Property-Gap-Arrangement-Re-paid-ITAT-Income-Tax-Tax-Taxscan.jpg "“Deemed Dividend” Not Applicable to Payment by Company on behalf of Shareholder for Purchase Property as a Stop Gap Arrangement subsequently Re-paid: ITAT [Read Order]")
SOP Guidelines issued by CBDT Not Applicable to Unlisted Scrips: ITAT Quashes Revision Order [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) while quashing the revision order observed that Standard Operating Procedures guidelines issued by Central Board of Direct Tax ( CBDT ) are...
![SOP Guidelines issued by CBDT Not Applicable to Unlisted Scrips: ITAT Quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/SOP-Guidelines-SOP-CBDT-Unlisted-Scrips-ITAT-Revision-Order-Income-Tax-Tax-Taxscan.jpg "SOP Guidelines issued by CBDT Not Applicable to Unlisted Scrips: ITAT Quashes Revision Order [Read Order]")
![ITAT Members Appointment cant be delayed on non-filing of Income Tax Return: SC [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/03/ITAT-Members-Appointment-Income-Tax-Return-SC-TAXSCAN.jpg "ITAT Members Appointment cant be delayed on non-filing of Income Tax Return: SC [Read Judgement]")
![Vague Notice Invalidates Penalty Proceedings u/s 271(1)(c) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Notice-Penalty-Income-Tax-Act-Income-Tax-Tax-Taxscan.jpg "Vague Notice Invalidates Penalty Proceedings u/s 271(1)(c) of Income Tax Act: ITAT [Read Order]")