The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) in the case of Brahma Center Development Pvt Ltd v PCIT held that where after an enquiry the AO took the view that interest

This yearly digest analyzes all the ITAT stories published in the year 2023 at taxscan.in No Disallowance of Expenditure on Account of Accumulated Service Tax of Rent Ultimate Fashion Maker Ltd vs ACIT CITATION: 2023

This yearly digest analyzes all the ITAT stories published in the year 2023 at taxscan.in Capital Gain Exemptions u/s 54F are Beneficial Provisions, To be Interpreted Liberally: ITAT Shri T. Pandian vs The Income Tax

Introduction: The Central Board of Direct Taxes vide Instruction no. 1916 dated 11-05-1994, clarified that no seizure should be made by the Search Party of the Jewellery and Ornaments found during the course of search

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) deleted the disallowances on signage expenses and sale tools expenses on the basis of decision of Tribunal in previous Assessment Year (AY). The assessee Honda Motorcycle

This yearly digest analyzes all the ITAT stories published in the year 2023 at taxscan.in Travelport LP vs Dy. C.I.T CITATION: 2023 TAXSCAN (ITAT) 578 The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently,

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) has recently deleted the addition made by the assessing officer against ESPN star sports. Assesee ESPN Star Sports a foreign company, After filing the

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT), while considering an appeal challenging the addition of excess share premium under section 68 of the Income Tax Act, 1961 has held that the Assessing

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the New Delhi Television Ltd (NDTV) is liable to pay capital gain tax in respect of the sale of its shares.

The Income Tax Appellate Tribunal ( ITAT ), Delhi bench has held that the claim for business expenditure cannot be allowed because the items distributed are more of a personalized in nature. The assessee-company is

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the delayed deposit of employee's contribution to Provident Fund (PF) and Employees’ State Insurance (ESI) could not be claimed even if it

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that full value of consideration or cost of investment cannot be substituted by fair market value except within purview of Section 50

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the law does not prohibit the Share Purchase in cash. The assessee, in her return for the relevant assessment year, claimed exempt

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently upheld an addition made by the Revenue for bogus purchases based on incomplete purchase bill & illogical mode of transport used. A search was

This Round-Up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan.in during July 22 to 28, 2023. Non-filing of Income Tax Return (ITR): ITAT quashes Penalty u/s 271F