No Legal Bar on GPA Holder to Execute Sale Deed when he is Authorized: ITAT confirms Addition [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT), while upholding an income tax addition, observed that there is no legal bar on GPA Holder to execute sale deed when he is authorized to
Order passed without disposing objections makes Assessment void: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the Order passed without disposing objections makes assessment void. A Notice under Section 148 of the Income Tax Act, 1961 was issued to the assessee
Relief to KLM Royal Dutch Airlines: Profits from Providing Technical Services to other Airlines is Covered under DTAA and Not Liable to Tax in India, rules ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) upholds decision CIT (A) and held that profits from providing technical services to other airlines is covered under Double Taxation Avoidance Agreement (DTAA) and
Relief to India International Centre: ITAT allows Exemption for Activities undertaken for ‘Charitable Purpose’ [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench in a relief to India International Centre allowed the  exemption for the activities undertaken for ‘charitable purpose’ . The assessee, India International Centre is an institution engaged
Payments made to the Non-Resident Service Providers on Account of Ad Film Production Line Services are not FTS, not Taxable: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently held that payments made to the non-resident services providers on account of ad film production line services are not Fee for Technical Service (FTS)
Relief to Hindustan Coca Cola: ITAT deletes additions of Rs. 20.89 Lakhs on account of passing of the expiry date of product [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench in a relief to Hindustan Coca Cola deleted the additions of Rs. 20.89 Lakhs on account of passing of the expiry date of the product. The assessee,
ITAT allows Income Tax Exemption to Society engaged in imparting Education through Schools [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi has allowed income tax exemption to society engaged in imparting education through schools on an appeal filed by Wilsonia West End School Society. The assessee had moved separate
Annual Technology Licence Fee is Revenue in Nature: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that annual technology licence fee is revenue in nature. The aforesaid observation was made by the Tribunal when
PoA Holder is Not ‘Owner’ of the Property, No Capital Gain Tax: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench ("SMC” New Delhi) held that PoA Holder is not 'owner’ of the property and not considered as Capital Gain Tax. Sidharth Chaudhary, the appellant has filed an
Balance of convenience is in favour of the United Spirits: ITAT extends the stay for the second time [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the balance of convenience is in favour of the assessee in extending the stay, even though this is the second extension. The assessee, United Spirits
ITAT deletes Addition since Assessee appropriated and Utilized the Amount of Capital Gain before the Due Date of Filing of Return of Income [Read Order]
In the case of Arun Kumar Jain vs. Income Tax Officer, Delhi bench of Income Tax Appellate Tribunal has deleted the addition made by the Assessing Officer during the assessment period since the Assessee appropriated
Setback to Sahara India Life Insurance: Interest on TDS not an allowable Expenditure under Income Tax, reiterates ITAT [Read Order]
In a major Setback to the Sahara India Life Insurance, the Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the Interest on TDS is not an allowable expenditure under Income Tax. The assessee, Sahara
Diwali Expenses by Company: No Addition u/s 68 Since Assessee could not prove ‘Business Purpose’, rules ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that no addition is to be made u/s 68 to Deewali expenses on account of the assessee's inability
Forfeiture of Earnest Money received during Negotiation of Capital Assets not taxable as Other Income before 2015: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the forfeiture of earnest money received during the negotiation of capital assets not taxable as other income before the amendment in the
ITAT allows Depreciation on Cost of the Assets as Expenditure is allowable [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) allowed the depreciation in respect of cost of the assets as expenditure is allowable. The assessee society, Ideal Institute of Technology Society is registered with Registrar