The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that deduction under Section 36(1) (va) is allowable only if employees’ share in relevant funds are deposited before

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that disallowance cannot be made on dd-hoc basis without any specific allegation, merely on the basis of general

The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, has recently, in an appeal filed before it, held shortage towards principal in a lending business is allowable as bad debt. The aforesaid observation was

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that advance amount forfeited on cancellation of sale agreement, is deductible from the cost of acquisition. The aforesaid

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, on finding that no notice was send to the Assessee, and that ex- parte decision was arrived at, in

The Income Tax Appellate Tribunal (ITAT), New Delhi Bench, has recently, in an appeal filed before it, held that deduction u/s 80(1C) is allowable,if form 10CB is filed before final assessment order. The aforesaid observation

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, dismissed the revenue’s appeal, on finding that there is lack of jurisdiction under Section 153C of the Income Tax

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, allowed deduction, by holding that ESOP expenditure is Revenue in nature. The aforesaid observation was made by the Delhi

The Income Tax Appellate Tribunal ( ITAT ), Delhi Bench, has recently, in an appeal filed before it, deleted the proceedings against Saif Partners India IV Limited, on the ground that conditions invoking revisional jurisdiction

The Delhi ITAT, in a significant ruling, held that the remuneration paid to Director of company in commensuration with his experience which has no bearing on his shareholding, cannot be construed as 'dividend' under the

 The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, on failure to establish sufficient cause for not filling appeals within the prescribed period of limitation, upheld the dismissal

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, upheld the application of section 68, on account of the assessee’s failure to explain investment made in the shares

The Income Tax Appellate Tribunal (ITAT), New Delhi, has recently, in an appeal filed before it, held that statutory notice should not be issued in a casual and mechanical manner. The aforesaid observation was made

While dismissing a departmental appeal, the Delhi ITAT ruled that penalty under section 271AAA of the Income Tax Act cannot be levied since Assessee voluntarily surrendered Income, paid Tax and explained its source. The bench

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, while deleting the addition for payment of capitation fee to medical college, held that no opportunity for cross examination