ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![ITAT Allows 50% as Capital Gain Exemption u/s 54 to Joint Owner of Property: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/ITAT-Capital-Gain-Exemption-Joint-Owner-of-Property-Owner-of-Property-Property-Taxscan.jpg "ITAT Allows 50% as Capital Gain Exemption u/s 54 to Joint Owner of Property: ITAT [Read Order]")
ITAT Allows 50% as Capital Gain Exemption u/s 54 to Joint Owner of Property: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) recently allowed 50 percent as capital gain exemption under section 54 of the Income Tax...
![“It is a Human Nature to Forget Things Which is Out of Mind”: ITAT Condones Delay of 36 Days by NRI [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Human-Nature-ITAT-Condones-Delay-NRI-Taxscan.jpg "“It is a Human Nature to Forget Things Which is Out of Mind”: ITAT Condones Delay of 36 Days by NRI [Read Order]")
![Rule 37BA under IT Rules applicable both TDS and TCS claim: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/IT-Rules-TDS-TCS-claim-TCS-claim-ITAT-Income-Tax-Tax-Taxscan.jpg "Rule 37BA under IT Rules applicable both TDS and TCS claim: ITAT [Read Order]")
![Inflated Sales during Demonetization Period to be Computed After Considering Average Sales of Prior One Year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Average-Sales-Demonetization-ITAT-Income-Tax-Tax-taxscan.jpg "Inflated Sales during Demonetization Period to be Computed After Considering Average Sales of Prior One Year: ITAT [Read Order]")
![Repairs and Renovation Expenses are ‘Revenue’ in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Repairs-and-Renovation-Repairs-and-Renovation-Expenses-Expenses-Revenue-ITAT-Taxscan.jpg "Repairs and Renovation Expenses are ‘Revenue’ in Nature: ITAT [Read Order]")
![No Income Tax on Deemed Rent on Unsold Flats held by Builder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Tax-Deemed-Rent-Builder-ITAT-taxscan-1.jpg "No Income Tax on Deemed Rent on Unsold Flats held by Builder: ITAT [Read Order]")
![Cash Deposits can be Accepted during Demonetization Period If Source is Explained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Cash-Deposits-Demonetization-Demonetization-Period-Source-ITAT-Taxscan.jpg "Cash Deposits can be Accepted during Demonetization Period If Source is Explained: ITAT [Read Order]")
Deeming Provision cannot be Applied Mechanically Ignoring Facts of the Case and Surrounding Circumstances: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that deeming provision cannot be applied mechanically, ignoring the facts of the case and...
![Deeming Provision cannot be Applied Mechanically Ignoring Facts of the Case and Surrounding Circumstances: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Deeming-Provision-Ignoring-Facts-Facts-Case-Surrounding-Circumstances-Circumstances-ITAT-Taxscan.jpg "Deeming Provision cannot be Applied Mechanically Ignoring Facts of the Case and Surrounding Circumstances: ITAT [Read Order]")
Deduction u/s 80P(4) allowable to Cooperative Society involved in the Business of Banking: Orissa HC [Read Order]
While considering a writ petition, the Orissa High Court (HC) has held that deduction under section 80P(4) of the Income Tax Act, 1961 is allowable to Cooperative Societies involved in the business...
Initiation of Revision Jurisdiction on Mere Conjectures, Suspicions and Surmises is invalid: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ), observed that initiation of revision jurisdiction on mere conjectures, suspicions and surmises is invalid. The assessment in the...
![Initiation of Revision Jurisdiction on Mere Conjectures, Suspicions and Surmises is invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Revision-Jurisdiction-Conjectures-Suspicions-ITAT-Income-Tax-Tax-Taxscan.jpg "Initiation of Revision Jurisdiction on Mere Conjectures, Suspicions and Surmises is invalid: ITAT [Read Order]")
Activities of Donation to Veda Pathashalas, Veda Pundits, Medical Assistance etc. are “Charitable” in Nature: ITAT allows Approval u/s 80G [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal has allowed approval under Section 80G of the Income Tax Act 1961, holding that the activities of donation to Veda Pathashalas, Veda Pundits,...
![Activities of Donation to Veda Pathashalas, Veda Pundits, Medical Assistance etc. are “Charitable” in Nature: ITAT allows Approval u/s 80G [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Donation-Activities-of-Donation-Veda-Pathashalas-Veda-Pundits-Medical-Assistance-Charitable-ITAT-Approval-Taxscan.jpg "Activities of Donation to Veda Pathashalas, Veda Pundits, Medical Assistance etc. are “Charitable” in Nature: ITAT allows Approval u/s 80G [Read Order]")
“Loan Given” in Cash Exceeding Prescribed Limit does not attract Penalty u/s 271D of Income Tax Act: ITAT [Read Order]
The Indore bench of Income Tax Appellate Tribunal ( ITAT ) recently held that in case of “loan given” Penalty under section 271D Income Tax Act 1961 would be invalid. The fact of the case is that...
![“Loan Given” in Cash Exceeding Prescribed Limit does not attract Penalty u/s 271D of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Loan-Cash-Exceeding-Penalty-Income-Tax-Act-Income-Tax-Tax-ITAT-Taxscan.jpg "“Loan Given” in Cash Exceeding Prescribed Limit does not attract Penalty u/s 271D of Income Tax Act: ITAT [Read Order]")