The Income Tax Appellate Tribunal (ITAT), Delhi bench has upheld an addition towards the gift from the father as the assessee failed to prove the creditworthiness of the donor under the provisions of the Income

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the scholarship to student not associated with the company for any commercial or business purpose would not be allowed as deduction. Assessee- VIC

The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the penalty under Section 271D of the Income Tax Act as the Assessee bonafidely explains reasonable Cause. The assessee, Sarita Singh filed return of income declaring

The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted penalty as there was no objection on the disallowance under Section 14A of the Income Tax Act, 1961. The assessee company, M/s. IRCON International Ltd is

The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the Assessing Officer can reopen assessment if he reason to believe any income chargeable to tax has escaped. The assessing officer has recorded the reasons

This yearly digest analyzes all the ITAT stories published in the year 2023 at taxscan.in Auditor Inadvertently Shown Wrong Disallowance Sum u/s 43B of Income Tax Act in Audit Report uploaded on Income Tax Portal:

The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ), deleted addition on the ground that TDS not applicable on Wages and that the Assessing Officer (AO) Ignored Certificate by Deputy Director

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has disallowed 25% of the alleged bogus purchase on account of inflation of purchase price. The assessee Sumer Chand Jain is an individual who engaged in

The Income Tax Appellate Tribunal (ITAT) New Delhi on May 3rd, pronounced that the tips received from guests distributed among employees does not become part of salary and hence not eligible for deduction of tax

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that IT Act does not prohibit claiming HRA exemption on the rent paid to one's spouse. Abhay Kumar Mittal, the appellant,

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld an addition in respect of cash deposited in joint bank account by assessee with his accountant by holding that it was

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the assessing officer (AO) cannot make any estimated addition without pointing out specific defects in the audited book. Priyamda Media & Infotainment Private

“Wherever the Parliament / Legislature wanted to make provisions applicable retrospectively, it has been so provided.” The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ), quashed assessment order barred by limitation,

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the income surrendered for suppression in the net sales shall be assessable as “Income from Business or Profession” and the same cannot be treated

The Delhi Bench of Income Tax Appellate Tribunal constituting of Shri Sudhanshu Srivastava as the judicial member and Shri Prashant Maharishi as the accountant member held that an amount refunded to the assessee for consideration