ITAT
Stay updated with the latest ITAT judgments, orders, and appellate rulings impacting income tax matters in India.
![Interest paid to Legal Heirs of Deceased Partners cannot be Disallowed If TDS already Deducted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Interest-Interest-paid-Legal-Heirs-Deceased-Partners-TDS-ITAT-Taxscan.jpg "Interest paid to Legal Heirs of Deceased Partners cannot be Disallowed If TDS already Deducted: ITAT [Read Order]")
Interest paid to Legal Heirs of Deceased Partners cannot be Disallowed If TDS already Deducted: ITAT [Read Order]
The Allahabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the interest paid to legal heirs of deceased partners could not be...
![Interest on House Loan Deductible: ITAT allows Carry Forward of Loss of Rental Income Against “Other Income” [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Interest-on-House-Loan-Interest-House-Loan-ITAT-Rental-Income-Other-Income-Income-Tax-Tax-taxscan.jpg "Interest on House Loan Deductible: ITAT allows Carry Forward of Loss of Rental Income Against “Other Income” [Read Order]")
![On-Money received on Sale of Property @ 50% Booked Price is on A “Palpably Very High Side”: ITAT grants Partial Relief to Builder [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Sale-of-Property-Booked-Price-ITAT-Builder-On-Money-Income-Tax-Tax-taxscan.jpg "On-Money received on Sale of Property @ 50% Booked Price is on A “Palpably Very High Side”: ITAT grants Partial Relief to Builder [Read Order]")
![Overloading Charges paid under Motor Vehicles Act “Compensatory” in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Overloading-Charges-paid-Motor-Vehicles-Act-Compensatory-in-Nature-ITAT-Taxscan.jpg "Overloading Charges paid under Motor Vehicles Act “Compensatory” in Nature: ITAT [Read Order]")
![Repayment of Debt is Application of Income If Such Debt Was Taken as Part of Receipts of Charitable Trust: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Repayment-Debt-Income-Charitable-Trust-ITAT-TAXSCAN.jpg "Repayment of Debt is Application of Income If Such Debt Was Taken as Part of Receipts of Charitable Trust: ITAT [Read Order]")
Deposit during Demonetization Period: Burden of Proof on Assessee to Establish Genuineness, rules ITAT [Read Order]
The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) held that the burden of proof is on the assessee to establish genuineness of deposit during the demonetization period. The present...
![Deposit during Demonetization Period: Burden of Proof on Assessee to Establish Genuineness, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Deposit-Demonetization-ITAT-Burden-of-Proof-Income-tax-taxscan.jpg "Deposit during Demonetization Period: Burden of Proof on Assessee to Establish Genuineness, rules ITAT [Read Order]")
![TDS Not Applicable to Trade Discount to Customers: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/TDS-Trade-Discount-Discount-Customers-ITAT-taxscan.jpg "TDS Not Applicable to Trade Discount to Customers: ITAT [Read Order]")
Relinquishment of Right in Land Earmarked for Common Utility Purpose as per Regulatory Requirements Not Taxable as Capital Gain or Business Income: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that relinquishment of right in land earmarked for common utility purposes as per regulatory requirements is not taxable as...
![Relinquishment of Right in Land Earmarked for Common Utility Purpose as per Regulatory Requirements Not Taxable as Capital Gain or Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Relinquishment-Land-Common-Utility-Purpose-Regulatory-Requirements-Taxable-Capital-Gain-Business-Income-ITAT-Taxscan.jpg "Relinquishment of Right in Land Earmarked for Common Utility Purpose as per Regulatory Requirements Not Taxable as Capital Gain or Business Income: ITAT [Read Order]")
Detachable Warrant has conceivable Cost,Sale Consideration from Transfer of Capital Asset is Liable to Capital Gain: Gujarat HC [Read Order]
In a recent case, the High Court( HC) of Gujarat has held that a detachable warrant has a conceivable cost and the sale consideration from the transfer of the capital asset is liable to capital gain....
AMP Expenditure is not International Transaction: ITAT rules in favour of Mattel Toys (India) [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), ruled that Advertising Marketing and Promotion (AMP) Expenditure is not an International Transaction and thereby ruled in favour of M/s...
![AMP Expenditure is not International Transaction: ITAT rules in favour of Mattel Toys (India) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/AMP-AMP-Expenditure-International-Transaction-Mattel-Toys-Mattel-Toys-India-Taxscan.jpg "AMP Expenditure is not International Transaction: ITAT rules in favour of Mattel Toys (India) [Read Order]")
![Expenditure Incurred towards Computer Software and Stationery, Revenue in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Expenditure-Expenditure-Incurred-Computer-Software-Stationery-Computer-Software-and-Stationery-Revenue-Revenue-in-Nature-ITAT-Taxscan.jpg "Expenditure Incurred towards Computer Software and Stationery, Revenue in Nature: ITAT [Read Order]")