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 : Chennai ITAT deleted the Section 69A addition on cash deposits, holding the assessee acted as a commission agent, while sustaining...
Income Tax : Chennai ITAT upheld deletion of a Section 69A addition, holding that cash withdrawals from the assessee's own bank account could n...
Income Tax : ITAT Chennai directed the AO to apply the peak credit theory and restrict the Section 69A addition instead of taxing the entire ca...
Income Tax : ITAT Chennai restored the Section 115BAA claim, directing verification and holding delayed or non-electronic Form 10-IC filing sho...
Income Tax : ITAT Ahmedabad deleted the Section 69C addition on bank withdrawals and quashed the agricultural income addition after the reopeni...
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 Delhi deleted Section 271DA penalties, holding Section 269ST requires specific findings on cash receipt in a day, single transaction or event.
ITAT Delhi restored a Section 69C addition after holding the CIT(A) ignored seized material and Section 132(4) statements without verification.
ITAT Mumbai held tax appeals infructuous after IBC liquidation, NCLT-approved going concern sale, and closure of liquidation proceedings.
ITAT Mumbai deleted Section 69 and Section 69C additions, holding sale proceeds already taxed as capital gains cannot be taxed again without evidence of sham transactions.
ITAT Raipur deleted Section 271(1)(b) penalties, holding no deliberate default was proved and delayed penalty proceedings defeated legislative intent.
ITAT Chandigarh held interest earned on unspent government grants is not separate income and directed exemption under Section 10(23C)(iiiab).
ITAT Delhi quashed Section 148 reassessment after holding reopening based solely on an Investigation Wing report lacked independent application of mind.
ITAT Delhi held Section 153C assessments beyond the ten-year block period are invalid, computing limitation from the satisfaction note or notice date.
ITAT Mumbai held Section 69C was inapplicable where purchase payments were made through account payee cheques and the source of expenditure stood explained.
ITAT Patna quashed assessments after holding notices under Section 143(2) were issued by an Assessing Officer lacking jurisdiction under Section 120 and CBDT notifications.
