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

Two appeals between the Indian National Congress Committee and the Commissioner of Income Tax, New Delhi were pending before the High Court of Delhi. The Court considered these two appeals together for the reason that

The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the reopening of assessment under section 147 of the Income Tax Act,1961 after the expiry of four years from the end of

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 Delhi Bench of Income Tax Appellate Tribunal (ITAT) in ‘Asst.Commissioner of Income Tax v. M/s Splendour’ Land Base Ltd held that return under section 153A shall be deemed to be return under section 139(1)

Original cost and period of acquisition of property by previous owner is relevant for claim of capital gain, so was held by the Income Tax Appellate Tribunal (ITAT), New Delhi. The Assessee’s, Kulvinder Singh Kohli’s

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 Delhi bench of the Income Tax Appellate Tribunal ( ITAT) observed that the amount received as per Article 12(3) of India- United State of America (USA) Double Taxation Avoidance Agreement (DTAA)., not royalty u/s

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ), while deleting the addition made under Section 69A of the Income Tax Act, 1961 held that capital gain arising on sale of shares could not

This yearly digest analyzes all the ITAT stories published in the year 2023 at taxscan.in Land not a Capital Asset but a “Work-in-Progress” for Real Estate Company, Expenses to be treated as Revenue Expenditure: ITAT

The Income Tax Appellate Tribunal (ITAT) Delhi bench held that no addition should be made if the assessee has sufficient interest free fund to provide interest free loans. Therefore the bench dismissed the revenue's appeal.

In a major relief to the channel Zee, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) has quashed the tax demand against the channel for non-deduction of tax on payment towards

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) held that no disallowance should be made under Section 40A(2) of Income Tax Act in respect of payments of supervision and risk management charges to relative

This annual digest analyzes all the ITAT stories published in 2023 at taxscan.in Non-compliance of Notice due to different Email ID on Form 35 and ITR: ITAT allows another opportunity to Assessee Vikram Udeshanghbhai Padhiyar

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that Under Section 68 of the Income Tax Act, 1961, the assessee is required to establish (a) identity (b) Genuineness of the transaction (c)