The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has ruled that sub-contracting charges are not taxable in India if no technical knowledge is transferred to the Indian entity and held that the assessee

The Delhi Bench of  Income Tax Appellate Tribunal (ITAT) held that no penalty should  be levied on the  grounds of non-auditing of accounts if bonafidely claims exemption under Section 11 of Income Tax Act, 1961.

In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the sale of software products does not constitute royalty income and is not taxable under Article 12

Income Tax Appellate Tribunal (ITAT), New Delhi deleted addition made by Assessing Officer (AO) on the ground of disallowance of expenditure of interest in year of actual payment in merchandise system of accounting. The assessee,

The Delhi bench of Income Tax Appellate Tribunal (ITAT) has held that the rectification in revised return would be allowable despite the late filing of original return. The assessee,Navneet Dutta filed his original return of

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has upheld the order of the Commissioner of Income Tax (Appeals) rejecting the appeal memo filed by the assessee since e-filing was not done due

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has confirmed an addition under Section 68 of the Income Tax Act since the share applicant entities were paper entities for providing entries to the

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the remuneration paid to Director of company, who is an experienced Chartered Accountant in commensuration with his experience which has no bearing

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the provisions of section 269SS of the Income Tax Act will not be applicable to loan transaction between husband and wife. While

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the services rendered under IT & SAP service agreement are different from technical collaboration agreement. Thus the receipt of IT & SAP service is

The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ), held that training expenses that does not result in new income is not capital expenditure. During the relevant Assessment Year, training expenditure

The Income Tax Appellate Tribunal (ITAT) Delhi  bench directed to compute addition towards 2% of profit on gold sold by assessee found during the course of search proceedings. During the  search & seizure operations at

The Income Tax Appellate Tribunal (Delhi) has quashed an assessment which was merely based on Interim order from Securities Exchange Board of India (SEBI) The assessee Tapas Kumar Mallick purchased 40000 equity shares through Initial

The Income Tax Appellate Tribunal (ITAT), New Delhi Bench ruled that Expenditure on interest for delayed payment of service tax is eligible for allowance as revenue expenditure. The assessee, Central Warehousing Corporation is a Government

The Income Tax Appellate Tribunal (ITAT), New Delhi Bench dismissed appeal filed by the assessee as there was failure to pay Court Fees despite ample opportunities. The Assessing Officer (AO) had received information regarding cash