The Income Tax Appellate Tribunal (ITAT) Delhi bench held that Tax deduction at source (TDS) not applicable on payments made to Haryana Urban Development Authority on account of External Development Charges (EDC).  The EDC is

In a recent ruling the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the Assessing Officer’s power is limited to overlook fairness and reasonableness of share valuation report, not to

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the loss incurred on the sale of the shares of the subsidiary companies would amount to business loss under the provisions of

The Income Tax Appellate Tribunal (ITAT), New Delhi Shri Chandra Mohan Garg, judicial member & Shri Anadee Nath Misshra, accountant member has held cessation of liability u/s41(1) not charged even in the absence of write

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the capital gain derived by the sale of equity shares is not taxable in terms of Article 13(4) of the India Mauritius Double

In a significant ruling the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that no justification for disallowance on Ad Hoc basis, without pointing out any deficiency in books in nature

In a significant decision, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that product development expenses should be classified as revenue expenditure and are eligible for deduction. The company is

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has granted income tax exemption to a Charitable Society in respect of the property used by the Chairman as the residence. The Assessing Officer has

While hearing the case of Dia Vikas Capital Pvt. Ltd, the Delhi bench of Income Tax Appellate Tribunal (ITAT) recently ruled that if there is only a provision not backed by any actual expenditure, then

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) last week held that the jewellery received by assessee at the time of marriage cannot be treated as unexplained under the provisions of

The Delhi Bench of the ITAT, on Thursday, ruled that the profit earned by a Housewife on the purchase and sale of shares would amount to business income and net short-term capital gain under the

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) granted relief to PVR and held that the subsidy given by the state government on account of the development of multiplexes in the state is

The Income Tax Appellate Tribunal ( ITAT ), New Delhi, has recently, in an appeal filed before it, held that the CIT shall condone delay for want of material records regarding non service of notice

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) restored the trust's 80G(5) Registration Application back to the Commissioner of Income Tax (Exemption) (CIT (E)) despite a 6-year delay. The facts, in brief, are

The Income Tax Appellate Tribunal (ITAT) Delhi bench has held that the capital gain exemption under section 54 of the Income Tax Act, 1961 should be given to more than one houses when the property