The Income Tax Appellate Tribunal (ITAT), Delhi directed the Assessing Officer (AO) to allow the assessee, Taxmann Publication to claim depreciation on the intangible CMS software. The Assessee, Taxmann Publication Pvt. Ltd is a company

The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) quashed re assessment proceedings and noted that “Mere putting of seal as approving statement is not sufficient”. The assessee in the present

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the element of personal use has a significant role to play while granting depreciation on any vehicle under Section 32 of the

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has upheld an addition by finding that the share transaction leads to long term capital gain were actually sham transactions to evade income tax. The

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently allowed income tax deduction towards the expenses incurred for gifts to people including the public sector employees for the business promotion. “It is

In an assessee-favor ruling, the Delhi bench of Income Tax Appellate Tribunal (ITAT) ruled that the Assessee cannot be penalized due to limitations of the online portal provided by the department. The assessee in the

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the DCF method for determining FMV of unquoted shares could not be changed by the assessing officer under Rule 11UA of Income

The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the disallowance made on account of Corporate Social Responsibility (CSR) and and SD expenses. The assessee has raised the issue whether the CIT(A) was justified in

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, deleted the addition made under Section 69 of the Income Tax Act, 1961, on account of the difference in excess stock of 222Kt Gold and Polki Jewellery.

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that an amount paid based on a percentage of turnover or profit, is revenue in nature. The aforesaid

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that, business promotion expenses by the assessee as Proprietor of SJM Enterprises cannot be disallowed without examination of vouchers. The assessee, Jasdeep

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ), in Delhi Public School vs. ACIT, held that running transport by an educational institution is not in the nature of business but is

The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the Provision related to Revision of orders prejudicial to revenue under Section 263 of the Income Tax Act, 1961 can not be invoked for computational

The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ), ruled that reimbursement of Social Security, Insurance, Relocation Expenses for Employees and is not Fees for Technical Services (FTS). The assessee in

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has directed the Assessing Officer (AO) to restrict disallowance at 2% of the bogus purchases. The assessee, R R Carwell Pvt. Ltd. is engaged in the