Search Results Delhi ITAT
Assessee can avail the benefit of Capital Gain Exemption if Provisional Possession of the New Property is transferred within 2 Years: Delhi ITAT
The Delhi ITAT, in a significant ruling, held that assessee can avail the benefit of capital gain exemption if provisional possession of the new property was transferred within two years of disposal of the old
Compensation Paid to Beneficiary of Original Will under Settlement is Deductible from Capital Gain: Delhi ITAT [Read Order]
In Rama Vohra v. ITO, Delhi, a division bench of the ITAT Delhi held that the amount paid to the beneficiary of a property as per the original will under a compromise agreement can be
Limitation Period can’t start from the date pronouncement of Order, if assessee lack knowledge: Delhi High Court [Read Judgment]
The Delhi High Court held that the limitation period cannot start from the date pronouncement of the Order if the assessee lacks knowledge about the pronouncement of the order. The appellant-assessee, Pacific Projects Limited has
ITAT can’t dismiss application merely on the basis of seeking frequent adjournments: Delhi High Court [Read Judgment]
The Delhi High Court held that the ITAT can not dismiss an application merely on the basis of seeking frequent adjournments. The Petitioner, M/s Kalra Papers Private Limited filed its Return of Income. Based on
ITAT ought to set aside ex-parte order, irrespective of final order decided the appeal on merits: Delhi High Court [Read Order]
The Delhi High Court while ruling in favour of the assessee held that the ITAT is ought to set aside ex-parte order, irrespective of final order decided the appeal on merits. The Petitioner, M/s Kalra
Delhi HC directs Centre, AAP govt. to Treat as representation PIL against sites, Apps for allegedly facilitating Online Gambling [Read Order]
The Delhi Government directed the Centre and AAP government to treat the PIL against sites, Apps for allegedly facilitating online gambling as representation. The PIL seeks to pray before the court to issue a direction,
Yum! Restaurants India do not constitute DAPE in India: ITAT Delhi [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that Yum! Restaurants (India) Private Limited and Yum! Restaurants Marketing Pvt. Ltd. does not constitute Dependent Agent PE (DAPE) in India. The assessee, M/s. Yum! Restaurants
Shares with Assessees undergone the Amalgamation process replaced with New Shares must be valued entirely on different fundamentals: Delhi HC restores matter back to ITAT
The Delhi High Court while restoring the matter back to the ITAT held that the shares that were with the assessees have undergone the amalgamation process whereby they are replaced with new shares which would
ITAT allows Bar Council of Delhi’s appeal to make it Charitable Trust and allow Exemption [Read Order]
The Income Tax Appellate Tribunal (ITAT) allowed the appeal of the Bar Council of Delhi and directed CIT (E) to register it as a charitable trust under Section 12AA of the Income Tax Act, 1961
Non-Recording of Satisfaction Note and Absence of Nexus between Reassessment, ITAT erred in remitting issues on Merit: Delhi HC [Read Judgment]
The High Court of Delhi held that the impugned order passed by the ITAT suffers from perversity in so far as it refused to allow the assessee to urge the grounds by way of an
Delhi Customs issues Covid-19 Facilitation Measures: Relaxation in Procedure for Inbonding of Cargo Import under Warehouse Bill of Entry
The Delhi Customs, on Wednesday, issued relaxation in the procedure for Inbonding of Cargo import under Warehouse Bill of Entry as one of the COVID-19 facilitation measures. The Board has extended the facility of accepting
Facilitating Land and Other Related activities to attract Service Tax under the head ‘Real Estate Agent’: Delhi HC [Read Order]
The Delhi High Court held that the changeability of the activity on facilitating land and other related activities to attract service tax under the head ‘Real Estate Agent’. The respondent is engaged in the business
Agricultural Lands not ‘Capital Asset’ If Buyer Company maintains the Land Character: ITAT Delhi [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi in January held that agricultural lands cannot be treated as a capital asset if the company that purchases such land maintains its character as agricultural land. The Assessee
Remunerations of director not violation of 40(2) if the director is a relative and expenses not proved as excessive and unreasonable: ITAT Delhi [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi has held that remunerations given to a company director, who happens to be a relative do not fall as a disallowance under section 40(2) of the Income Tax
SCN quashed where it was possible for authority to adjudicate within period of limitation: Delhi HC [Read Order]
The Delhi High Court in the case of Sunder System Pvt Ltd v Union of India held that the SCN to be quashed where it was possible on behalf of the adjudicating authority to adjudicate