The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the assessee had discharged its burden as per Section 68 of the Act, by filing confirmation, affidavit, copy of the income tax return

The Income Tax Appellate Tribunal (ITAT), Delhi Bench presided by Mr. Anil Chaturvedi, Accountant Member,and Shri N.K. Choudhry, Judicial Member has held that deduction u/s 54 EC is applicable within six calendar months from the

 The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that Corporate Social Responsibility (CSR) expenses carried out by the Hindustan coca-cola beverages are eligible for deduction under Section 37(1) of the Income Tax Act 1961.

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) in the case of Evalueserve.com Pvt Ltd v DCIT holding in favor of the assessee directed the AO to exclude the 6 comparables and thereafter

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the levy of late fee under section 234E of the Income Tax Act, 1961 cannot be levied for TDS defaults prior to 1st June

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, reduced the disallowance from 10% to 2%, on finding that operating expenses is unverified and excessive and hence not

Recently, in ACIT v. Modi Revlon Pvt Ltd, the Delhi ITAT held that the Commissioner of Income Tax (Appeals) can admit additional evidences produced by the assessee by if the Assessing Officer does not file

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, on finding that the basic condition as stipulated under Section 271 (1) (c) is not fulfilled, deleted the penalty

In a recent ruling, the Delhi ITAT held that the income earned by the assessee on sale of mutual fund should be determined under the head “capital gain” under the provisions of the Income Tax

The Income Tax Appellate Tribunal ( ITAT), Delhi has held that inability to meet the contractual obligation cannot be termed as an infraction of the law. The revenue authority filed an appeal before ITAT Delhi

The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the inter-corporate deposits, being in the nature of deposits/loans shall attract the provisions of deemed dividend under section 2(22)(e) of the

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, while deleting an addition made under Section 40(a)(ia) of the Income Tax Act, held that accrual of payment and actual act of making payment must

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) while deleting the addition ruled that the business transaction can not be treated as deemed dividend. The assessee, M/s Lakhmi Chand Tejoo Mal contended that the

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the payments made for advertisement without a written contract would attract TDS under section 194C of the Income Tax Act, 1961 since an implied

The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that expenditure incurred on ice-boxes, accounted under the head of marketing expenses, are capital expenditure. Therfore the bench confirmed the disallowance made by the