ITAT Judgment contain Income Tax related Judgments from Income Tax Appellate Tribunal Across India which includes ITAT Mumbai, Chennai, Delhi, Kolkutta, Hyderabad etc.
Income Tax : Article examines whether the MLI Principal Purpose Test has domestic effect under Section 90(1) following Nestlé SA and Sky High ...
Corporate Law : The article argues that failure to comply before the AO or CIT(A) can lead to adverse assessments, as higher forums generally cann...
Income Tax : ITAT held that Section 54 exemption must be examined separately for each residential house sold. Aggregating gains from multiple t...
Income Tax : ITAT held that delayed filing of Form 10B cannot defeat Section 11 exemption if the audit report is available before processing un...
Income Tax : Smt. Ranjana Kumari/Kalta Vs DCIT/ACIT (Central) (ITAT Chandigarh) The appeals involved three assessees belonging to the Kalta Gro...
Income Tax : ITAT Bangalore held Section 2(47)(v) inapplicable as the JDA did not satisfy Section 53A conditions, deleting capital gains for AY...
Income Tax : The issue concerns massive backlog in ITAT caused by unfilled positions and delayed appointments. The intervention highlights that...
Income Tax : A representation seeks doubling the SMC threshold due to inflation and higher dispute values. The key takeaway is that increasing ...
Income Tax : The tribunal held that a gift deed alone cannot establish legitimacy under Section 68. It directed fresh scrutiny of the donor’s...
Income Tax : Delhi ITAT allows Sanco Holding, a Norwegian company, to compute income from bareboat charter of seismic vessels under Article 21(...
Income Tax : ITAT Mumbai set aside rejection of a Section 12AB registration application and directed CIT(E) to allow rectification after granti...
Income Tax : ITAT Mumbai quashed reassessment as Section 148 notice lacked sanction from the competent authority under Section 151 before the F...
Income Tax : ITAT Delhi deleted Section 36(1)(iii) interest disallowance, holding interest-free loans to a wholly owned subsidiary were advance...
Income Tax : ITAT Amritsar deleted ad hoc expense disallowances and allowed Section 10(23C)(iiiad) benefit after excluding contra van rent entr...
Income Tax : ITAT remanded Section 54F and Section 50C issues for fresh computation after DVO valuation and reconsideration of construction exp...
Income Tax : The ITAT Delhi has revised its hearing notice protocols. Physical notices will now be sent only once, with subsequent dates availa...
Income Tax : ITAT Chandigarh held that ITO Ward-3(1), Chandigarh had no jurisdiction to issue notice to an NRI and hence consequently the asses...
Income Tax : Central Government is pleased to appoint Shri G. S. Pannu, Vice-President of the Income Tax Appellate Tribunal, as President of th...
Income Tax : Ministry of Finance notified rules for appointment of members in various tribunals on 12.02.2020 in which practice of judicial and...
Income Tax : Bhagyalaxmi Conclave Pvt. Ltd. Vs DCIT (ITAT Kolkata) In the remand report, the AO clearly stated that notice u/s 143(2) of the Ac...
ITAT Mumbai set aside rejection of a Section 12AB registration application and directed CIT(E) to allow rectification after granting the assessee an opportunity.
ITAT Mumbai quashed reassessment as Section 148 notice lacked sanction from the competent authority under Section 151 before the Finance Act, 2023 amendment.
ITAT Delhi deleted Section 36(1)(iii) interest disallowance, holding interest-free loans to a wholly owned subsidiary were advanced for business purposes.
ITAT Amritsar deleted ad hoc expense disallowances and allowed Section 10(23C)(iiiad) benefit after excluding contra van rent entries from turnover.
ITAT remanded Section 54F and Section 50C issues for fresh computation after DVO valuation and reconsideration of construction expenditure.
ITAT Chennai allowed Section 54F exemption based on actual sale consideration, holding Section 50C deeming value not applicable for the exemption claim.
Cost of Improvement on Farm Land Allowable; Section 54F Exemption to Be Computed on Actual Sale Consideration, Not Section 50C Value: ITAT Chennai
ITAT Delhi quashed the assessment after holding that the Section 143(2) notice was issued by an Assessing Officer lacking jurisdiction under CBDT Instruction No. 01/2011.
ITAT Delhi quashed Section 148 reassessment as separate transactions could not be aggregated to meet the ₹50 lakh threshold under Sections 149(1)(b) and 149(1A).
ITAT Pune deleted capital gains holding no transfer occurred under Sections 2(47)(v) or 2(47)(vi) as no possession or consideration was received.
