The Delhi Bench of Income Tax Appellate Tribunal (ITAT) while deleting the addition ruled that the business transaction can not be treated as deemed dividend. The assessee, M/s Lakhmi Chand Tejoo Mal contended that the

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the payments made for advertisement without a written contract would attract TDS under section 194C of the Income Tax Act, 1961 since an implied

The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the inter-corporate deposits, being in the nature of deposits/loans shall attract the provisions of deemed dividend under section 2(22)(e) of the

The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that expenditure incurred on ice-boxes, accounted under the head of marketing expenses, are capital expenditure. Therfore the bench confirmed the disallowance made by the

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) while quashing the reassessment held that AO deemed to have applied his mind if facts are on record. The assessee, Sahyog Infrastructure Pvt. Ltd originally filed

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) upheld addition of unexplained money, but directed the AO to give benefit of telescoping to assessee. The assessee,  is an individual and derived income from salary,

In a major relief to the  InterGlobe Aviation, the Delhi Bench of Income Tax Appellate Tribunal (ITAT) deleted disallowance on Lease Rental Payments to the tune of Rs. 366.32 Crores. The assessee, InterGlobe Aviation is

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT) has nullified a penalty under Section 271(1)(c) of the Income Tax Act, 1961 stating that the Notice issued in a stereotyped manner without applying

The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that PCIT not justified in assuming jurisdiction for Revision as AO conducted proper enquiry. The assessee, Pawansut Media Services is a company and is stated to

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled that the Revision Order by CIT valid if necessary enquiry has been conducted. The assessee, JNS Instruments Ltd. earns income from business and profession. A

In a relief to Bajaj Resources Ltd, the Delhi bench of Income Tax Appellate Tribunal (ITAT) ruled that no disallowance can be made on interest for earning exempt income under section 14A of the Income

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the expenditure incurred on promotion for brand ‘Snapdeal’ is purely revenue in nature. The assessee, M/s. Jasper Infotech Pvt. Ltd. is a company engaged

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the registration under section 12 of the Income Tax Act, 1961 cannot be denied to International Centre for Research on Women Ltd.

In a setback to DSIIDC, the Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled that the CIT(A) empowered to revise assessment order on failure of Assessing Officer to make proper inquiry. The assessee, DSIIDC

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled that the non-application of mind by the Assessing Officer (AO) could not be a ‘Reason to Believe’ to justify the Reopening of Assessment. The assessee,