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 Kolkata quashed the assessment as the jurisdictional Assessing Officer did not issue the mandatory notice under Section 143(2...
Income Tax : Bangalore ITAT deleted Section 40(a)(ia), notional interest, ICDS and Section 68 additions, citing Form 26A compliance and evident...
Income Tax : Bangalore ITAT remanded FD interest addition, directing verification of fund ownership and held Form 26AS alone is not determinati...
Income Tax : Bangalore ITAT held entire alleged bogus purchases cannot be added where sales are accepted, restricting the addition to 1.15% pro...
Income Tax : Bangalore ITAT held TP adjustments apply only to international AE transactions and upheld verified capacity, working capital and o...
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...
The ITAT Guwahati has remanded the case of Somen Bhattacharjee back to the AO, ruling that a tax addition under Section 56(2)(x) for a property sale cannot be made without a mandatory DVO valuation.
ITAT Rajkot has quashed a PCIT’s order to tax interest on enhanced land compensation, holding it is part of compensation and not taxable as income from other sources.
The ITAT Kolkata deleted a double addition of Rs. 3.43 Cr, an ad-hoc expense disallowance, and a notional interest addition, finding the additions to be without legal basis.
ITAT Kolkata rules that a penalty under Section 271AAB cannot be levied if no search has been initiated on the assessee, even if a statement is made under Section 131.
The ITAT Agra has ruled that clerical errors and physical filing of Form 10B should not result in the denial of a trust’s tax exemption.
The ITAT Chandigarh rules a tax reassessment notice invalid because it was issued by a Jurisdictional Assessing Officer instead of a Faceless Assessing Officer.
The ITAT Kolkata upheld the deletion of a Rs. 20.25 Cr addition, confirming that unsecured loans received through banking channels were genuine after the lenders’ identities and creditworthiness were verified through their completed assessments.
The ITAT Kolkata quashed an assessment, ruling it was invalid because the scrutiny notice issued under Section 143(2) did not follow the format prescribed by the CBDT.
The ITAT Kolkata quashed a reassessment, ruling that the notice under Section 148 was issued beyond the permissible time limit, making the entire proceeding invalid.
The Income Tax Appellate Tribunal (ITAT) Surat deleted a Rs. 2.52 crore tax addition on capital introduced by partners, citing judicial precedents that a firm cannot be taxed for partners’ investments.
