The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has declared the disallowance made under Section 37 of the Income Tax Act 1961 as arbitrarily as business maintenance not allowable under Section 24 of the

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the assessment order, though passed on 31.12.2016, was dispatched to the Speed Post Centre on 02.01.2017 would have to be construed as assessment framed

In a recent judgment, the Delhi High Court noted that the undisclosed income in question, which is the matter of the current dispute, has already been subjected to taxation in the accounts of the primary

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has dismissed the appeal filed by the Income Tax department as the National Company Law Tribunal (NCLT) had admitted the application filed by the assessee under

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed higher depreciation to office electronic fittings on failure to distinguish between the electric fitting installed in factory and office premises. The electric fittings were

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that mere wrong claim by itself would not ipso facto invite the imposition of penalty under Section 271(1)(c) of the Income Tax Act 1961,

The Delhi Bench of Income Tax Appellate Tribunal (ITAT), held that no income tax addition can be made under section 68 of Income Tax Act if Assessing Officer (AO) excluded leased land while assessing the

The New Delhi bench of ITAT quashed the appeal by Deputy Commissioner of Income Tax (DCIT), (the appellant) for levying Income tax from Aruna Chandhok, (the respondent) for the bonus shares she received, as per

The Delhi Bench of Income Tax Appellate Tribunal (ITAT), held that the cash deposited out of sales cannot be treated as unexplained income under Section 68 of the Income Tax Act once the sales are

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) he that AO cannot treat surplus as capital gain without giving benefit of indexation. The assessee is a non-resident Indian filed his original return of

The Delhi Bench of Income Tax Appellate Tribunal (ITAT), held that the assessee has successfully demonstrated source of cash deposit to its bank account during demonetization period thus no income tax addition can be made

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) he that alleged information from other officer of the dept. has to be reckoned as abstract, ba and bare one and thus has no rational

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that Adoption of value by AO on the date of transfer being hypothetical makes the addition non tenable under section 48 of the Income

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the assessee has successfully demonstrated source of cash deposit of Rs. 2,40,00,000 to its bank account during demonetization period thus upheld the order of

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the addition could not be deleted merely for mentioning Section 68 instead of Section 69 of the Income Tax Act , 1961 when