The Delhi Bench of Income Tax Appellate Tribunal (ITAT) while quashing the reassessment held that AO deemed to have applied his mind if facts are on record. The assessee, Sahyog Infrastructure Pvt. Ltd originally filed
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that PCIT not justified in assuming jurisdiction for Revision as AO conducted proper enquiry. The assessee, Pawansut Media Services is a company and is stated to
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled that the Revision Order by CIT valid if necessary enquiry has been conducted. The assessee, JNS Instruments Ltd. earns income from business and profession. A
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) upheld addition of unexplained money, but directed the AO to give benefit of telescoping to assessee. The assessee, is an individual and derived income from salary,
In a relief to Bajaj Resources Ltd, the Delhi bench of Income Tax Appellate Tribunal (ITAT) ruled that no disallowance can be made on interest for earning exempt income under section 14A of the Income
In a major relief to the InterGlobe Aviation, the Delhi Bench of Income Tax Appellate Tribunal (ITAT) deleted disallowance on Lease Rental Payments to the tune of Rs. 366.32 Crores. The assessee, InterGlobe Aviation is
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the expenditure incurred on promotion for brand ‘Snapdeal’ is purely revenue in nature. The assessee, M/s. Jasper Infotech Pvt. Ltd. is a company engaged
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the registration under section 12 of the Income Tax Act, 1961 cannot be denied to International Centre for Research on Women Ltd.
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT) has nullified a penalty under Section 271(1)(c) of the Income Tax Act, 1961 stating that the Notice issued in a stereotyped manner without applying
In a setback to DSIIDC, the Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled that the CIT(A) empowered to revise assessment order on failure of Assessing Officer to make proper inquiry. The assessee, DSIIDC
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) ruled that the non-application of mind by the Assessing Officer (AO) could not be a ‘Reason to Believe’ to justify the Reopening of Assessment. The assessee,
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the transfer of shares under dispute cannot be subject to capital gain under the provisions of the Income Tax Act, 1961. The assessee
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has disallowed the claim for doubtful advance in respect of the amount paid by the assessee to obtain the membership of the Delhi Stock Exchange
While dismissing a departmental appeal, a division bench of the Delhi ITAT held that receiving fee from non-members can’t be a ground for denying exemption under section 11(1) of the Income Tax Act, 1961. Assessee,
The Delhi ITAT, in the case of I-Process Services India Pvt Ltd v. DCIT held that addition cannot be made when the assessee has not earned real income through a void contract. The Assessee is
