Delhi ITAT

Disallow Expenses - AO - Supporting Documentation - AO cannot Arbitrarily Disallow Expenses - Defect in Vouchers - ITAT - Taxscan

AO cannot Arbitrarily Disallow Expenses for Want of Supporting Documentation, without Pointing out a Defect in Vouchers: ITAT [Read Order]

April 29, 2023

Issuance of Notice - Notice - Approval of Higher Authorities - Higher Authorities - ITAT quashes Assessment Order - ITAT - Assessment Order - Taxscan

Issuance of Notice under Section 148 without Approval of Higher Authorities: ITAT quashes Assessment Order

April 28, 2023

Sale Deed - Shares held by Co-Owners - ITAT - Equal Income Tax Liability - Rental Income - Taxscan

Sale Deed does not Mention Shares held by Co-Owners: ITAT upholds Equal Income Tax Liability on Rental Income [Read Order]

February 15, 2023

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Income Tax Addition Income Derived From House Property Abutting Assessee's Hotel -Delhi HC dismisses Appeal Pending Before SC - TAXSCAN

Income Tax Addition of 6 Crores on Income Derived From House Property Abutting Assessee’s Hotel: Delhi HC dismisses Appeal as matter Pending Before SC [Read Order]

September 30, 2023

The Delhi High Court dismissed the appeal on the issue of an Income tax addition of 6 crores on income derived from house property under the Income Tax Act, 1961 abutting the assessee’s hotel. The appeal was dismissed as the matter was pending before the Supreme Court. Mr Mayank Nagi appeared on behalf of the […]

Disallowance - Exempt - Income - Computing - Normal Provisions - Income Tax Act - ITAT - taxscan

Disallowance under Section 14A, cannot Exceed Exempt Income while Computing Income under Normal Provisions and Book Profit u/s 115JB of Income Tax Act: ITAT [Read Order]

September 30, 2023

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the disallowance under Section 14A of the Income Tax Act 1961, could not exceed income while computing the income under normal provisions and book profit under Section 115JB of the Income Tax Act. Revenue is against the action of the Ld. CIT(A) deleting […]

Income Tax Refund - Income Tax - Refund - Assesee - Delhi HC - Revenue - CBDT - taxscan

Income Tax Refund Not Received by Assesee Even After 2 Months: Delhi HC directs Revenue to Refund after Inquiry by CBDT [Read Order]

September 30, 2023

The Delhi High Court in a recent case directed the Income Tax department to refund the amount which was not given to the assessee even after a delay of 2 months. The court was also directed to do as needed after an inquiry by the CBDT (Central Board of Direct Tax ). Progressive Infotech Private […]

Bogus Purchase - Claim of Expense - Expense - Claim - Corroborative Evidence - taxscan

Bogus Purchase, Claim of Expense Denied without Corroborative Evidence: Delhi HC quashes Reassessment Order [Read Order]

September 30, 2023

The Delhi High Court quashed the reassessment as alleging a Bogus Purchase, the claim of expense denied without corroborative evidence. Mr Shlok Chandra, learned senior standing counsel, accepts notice on behalf of the respondent/revenue. The writ petition was filed by Luv Impex Private Limited challenging the notice issued under Section 148A(b) of the Income Tax […]

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Income Tax Addition of 6 Crores on Income Derived From House Property Abutting Assessee’s Hotel: Delhi HC dismisses Appeal as matter Pending Before SC [Read Order]

September 30, 2023

Disallowance under Section 14A, cannot Exceed Exempt Income while Computing Income under Normal Provisions and Book Profit u/s 115JB of Income Tax Act: ITAT [Read Order]

September 30, 2023

Income Tax Refund Not Received by Assesee Even After 2 Months: Delhi HC directs Revenue to Refund after Inquiry by CBDT [Read Order]

September 30, 2023

Bogus Purchase, Claim of Expense Denied without Corroborative Evidence: Delhi HC quashes Reassessment Order [Read Order]

September 30, 2023

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