In a major relief to Sur Buildcon, BBN Transportation, and Goldstar Cement, the Income Tax Appellate Tribunal (ITAT), Delhi bench while deleting the addition of Rs. 36 Crores ruled that the no addition of share

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) held that the non-compliance of mandatory Provisions of the Income Tax Act, 1961 while proceeding against the Assessee under Section153C of the Act will vitiate

The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that Mitsui India Pvt. Ltd. (MIPL) is not a Dependent Agency Permanent Establishment (DAPE) of Mitsui & Co. so no further profit could be attributed. The

The Income Tax Appellate Tribunal (ITAT), Delhi Bench quashed the  reopening of the assessment and consequently deleted addition on account of share application money and commission paid. The assessee company, M/s. Sungrow Impex Private Limited

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that a lessee is not eligible for depreciation in respect of the vehicles taken on a financial lease. The assessee-company has taken certain

The Income Tax Appellate Tribunal (ITAT), Delhi bench has recently held that the income tax deduction shall not be denied to the assessee, a cooperative society of Sahara India group and is engaged in the

The Income Tax Appellate Tribunal (ITAT) of Delhi bench directed the Assessing Officer (AO) to delete the addition since collecting jewellery by a woman in a married life of 25-30 years is not an abnormal

In a major relief to Nokia India, the Delhi Bench of Income Tax Appellate Tribunal (ITAT) deleted the disallowance worth Rs. 41.6 Crores. The assessee has contended that the AO and DRP have erred in

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the receipt from the Keyman Insurance Policy is taxable on receipt basis only. The assessee company is a buying Agent in respect

In a relief to the HCL Technologies, the Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that mere preferring a claim unacceptable to the Revenue does not lead to levy of penalty. The assessee, HCL

While granting tax relief to the Indian Medical association (IMA), a division bench of the Delhi ITAT held that exemption under section 11(1) of the Income Tax Act cannot be denied to the assesse-society for

The Central Government has appointed 40 new members to the Income Tax Appellate Tribunal ( ITAT ) bench across the nation. The government has provided the list of names of the members appointed which includes

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) allowed the deduction in respect of Profits and Gains of Certain Undertaking. The assessee is engaged in the business of manufacture and sale of Automotive components,

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled that no TDS deductible on consideration for use of computer software by resident Indian distributors to non-resident computer software manufacturers. The appellant, Ericsson has claimed

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has directed a new adjudication holding that the support or maintenance services of Avaya international are taxable as Fees for Technical Services (FTS) under Article 12