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 : The Tribunal held that cash deposits during demonetisation cannot be treated as unexplained when backed by audited books, invoices...
Income Tax : The Tribunal ruled that non-specification of the precise statutory charge under sections 270A(2) and 270A(9) violated principles o...
Income Tax : The Delhi ITAT held that institutions engaged in preservation of environment fall under a specific charitable limb under Section 2...
Income Tax : The Tribunal held that CIT(A) cannot enhance income under Section 251 on matters not considered by the Assessing Officer during as...
Income Tax : ITAT Bangalore restored the Section 54F claim after noting that medical issues and portal difficulties prevented timely filing of ...
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 : Learn about hybrid hearing guidelines of Income Tax Appellate Tribunal (ITAT) Indore Bench, effective from October 9, 2023, offeri...
Income Tax : ITAT Ahmedabad held that reassessment under Section 147 was invalid as the Assessing Officer failed to show independent applicatio...
Income Tax : ITAT Chandigarh held that cash deposits during demonetization could not be treated as unexplained income since the amounts were re...
Income Tax : ITAT Rajkot held that revision under section 263 was not sustainable where the Assessing Officer had already conducted extensive v...
Income Tax : ITAT Nagpur held that nominal donations received in small amounts could not be treated as non-voluntary contributions merely becau...
Income Tax : ITAT Mumbai deleted the addition under Section 56(2)(vii)(b) after holding that a 2.3% variation between agreement value and stamp...
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...
Tribunal rules that Mtitanium Apartments cannot claim ₹1.10 crore brought forward business losses as the income tax return for AY 2023-24 was filed late, despite medical hardship.
The Income Tax Appellate Tribunal (ITAT) in Delhi has ruled that a disputed tax addition is no longer valid after the Assessing Officer (AO) himself rectified the initial assessment order under Section 154 of the Income-tax Act, granting the taxpayer full relief.
The ITAT Delhi has deleted a Rs. 21.66 crore addition to a taxpayer’s income, ruling that the Assessing Officer illegally expanded the scope of a limited scrutiny. The Tribunal also held that the purchase and reconstruction of an old house qualifies for tax exemption under Section 54F.
ITAT Delhi has quashed an ex-parte assessment, ruling that the transfer of an assessee’s file between Assessing Officers requires a specific order under Section 127 of Income-tax Act.
ITAT Delhi’s ruling in DCIT Vs FMI Automotive Components Pvt. Ltd. deletes ad hoc disallowances on forex, repairs, and an insurance claim, confirming such additions are unsustainable without specific defects.
The ITAT Delhi allowed a Rs.1.19 crore foreign exchange loss for Donyi Polo Timbers on import creditors, affirming a consistent accounting method despite a lack of business operations.
The Income Tax Appellate Tribunal (ITAT) in Mumbai ruled that the Finance Act 2022 amendment, which shortened the period for charitable trusts to utilize accumulated income from six to five years, is not retrospective.
The ITAT Delhi has ruled that the lease equalization charge, a standard accounting practice for finance leasing firms, is a valid deduction. The Tribunal held that this charge, recognized by the ICAI, ensures only real income is taxed and cannot be rejected by tax authorities when consistently applied.
ITAT Delhi’s ruling in Pawan Kumar Agarwal Vs ACIT restricts an unexplained cash addition to a 10% GP rate, reducing it from ₹1.5 crore to ₹15 lakh. It upholds that stock and cash belonging to the assessee’s sons’ firm are not taxable in the assessee’s hands.
The Income Tax Appellate Tribunal (ITAT) Pune dismissed an appeal by the Income Tax Department, affirming that a cooperative credit society was not liable for unexplained cash credits under Section 68.
