In a major setback to NDTV, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has confirmed the orders of the income tax department disallowing the deduction claim towards pre-operative expenses. The assessee, M/s

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the revisional jurisdiction under section 263 of the Income Tax Act, 1961 cannot be passed merely because the decision of the Assessing Officer is

In a recent case, the Delhi Income Tax Appellate Tribunal (ITAT) held that cash paid to sundry creditor on supply of buffalo meat could not be disallowed under Section 40A(3) of the Income Tax Act,

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 quashed the reassessment order against the Bharat Sanchar Nigam Ltd ( BSNL ). The Asssessee Bharat Sanchar Nigam Ltd, has filed appeal against

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the capital gain exemption under section 54 of the Income Tax Act, 1961 cannot be denied on the sole ground that the amount invested

The Income Tax Appellate Tribunal (ITAT), New Delhi Bench  deletes additions made on account of unexplained cash credits to the tune of Rs.5.76 Crores. The assessee, Mukesh Mittal had sold 7,50,000 shares of M/s Radford

The Income Tax Appellate Tribunal, New Delhi recently ruled that provision relating to TDS is not applicable on fee for ‘Technical Service’ rendered by machines and robots. The Revenue has filed this Appeal against the

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the expenses incurred for repair and maintenance of damaged assets on fire are capital expenditure. Hence, the bench upholds the disallowance made by the

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that when the quantum addition is deleted by the appellate authorities, the penalty levied under Section 271(1)(c) of the Income Tax Act, 1961

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax penalty under section 271(1)(c) of the Income Tax Act, 1961 cannot be levied on ground that the assessee claimed

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that penalty under Section 271AAA of the Income Tax Act, 1961 cannot be levied if assessee surrendered the income during the course of assessment proceedings.

The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the transfer of title in respect of immovable property takes place only through a registered sale deed.  Grow More Buildtech Pvt. Ltd,

In a major relief to the Idea Cellular Ltd., the Delhi bench of the Income Tax appellate Tribunal (ITAT) has held that the Company is not liable to deduct TDS on payment of roaming charges

The Income Tax Appellate Tribunal (ITAT), New Delhi Bench ruled that approval under Section 10(23C) of the Income Tax Act, 1961 cannot be revoked when objects of Society have remained same. The assessee, M/s. Population