The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that mere disallowance of expenditure claimed in the return would not amount to ‘concealment of income’ for the purpose of imposing penalty under

Addition made under section 69A of the Income Tax Act, 1961 was deleted by the Delhi Bench of Income Tax Appellate Tribunal (ITAT) as the cash deposit was kept for the medical emergency. The assessee

This weekly round-up analytically summarizes the key stories related to the Authority of Income Tax Appellate Tribunal (ITAT) reported at Taxscan.in during the previous week from December 6 to December 11, 2021. Vijayshree Food Products

In Bausch & Lomb India Pvt. Ltd v. ACIT, a division bench of the ITAT Delhi has ruled that the Dispute Resolution Panel ( DRP ) has the power to enhance the variations proposed in

While hearing the case between Zion Promoters & Developers (P) Ltd and Additional Commissioner of Income Tax, Delhi bench of Income Tax Appellate Tribunal ( ITAT ) recently ruled that when the company has sufficient

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that if the sale deed does not mention the share held by co- owners, there would be equal

While hearing an appeal filed by M/s Nanak Chand Jain Charitable Trust, Delhi bench of Income Tax Appellate Tribunal (ITAT), last week, held that the registration under section 12AA of the Income Tax Act 1961

In  Income Tax Officer v. Mehrasons Jewellers Pvt. Ltd, the Delhi bench of Income Tax Appellate Tribunal (ITAT) recently held that the Commissioner of Income Tax(Appeals) cannot accept additional evidence filed by the Assessee under

A division bench of the Delhi ITAT, last day ruled that the loss on the sale of Mutual Fund can be treated as business loss and therefore, such loss can be set off against the

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, on finding about the issuance notice under Section 148 of the Income Tax Act, without approval of the higher

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that AO cannot arbitrarily disallow expenses for want of supporting documentation, without pointing out the defect in the

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, held that assessing officers could not pass a final assessment order without complying with the mandatory requirements under Section 144C of the Income Tax Act, 1961. Therefore,

A division bench of the Delhi High Court has held that the difference between the price at which stock options were offered to employees of the appellant company under ESOP and ESPS and the prevailing

The Income Tax Appellate Tribunal (ITAT), Delhi bench, while deleting penalty under section 271(1)(c) of the Income Tax Act, 1961 has held that the money cannot be treated as ‘unaccounted’ merely because of non-response from

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