The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that no addition under the Income Tax Act, 1961 can be made towards the deposit of cash received as a professional fee...
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that when a non-resident company files an appeal before the Tribunal, the appeal memo shall be signed and verified by the same person who is...
In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the income tax department should allow credit of TDS paid by the society who collects rent on behalf of the...
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the Commissioner of Income Tax (Appeals) shall discuss the merits of the case while passing an ex-parte order. Coming to the...
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has recently held that no obligation can be imposed on the assessee to pay advance tax if he alleges that his income is not taxable...
In a major relief to Tianjin Tianshi India Pvt. Ltd, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty under section 271(1)(c) of the Income Tax Act, 1961 cannot be levied if the transfer...
In a recent ruling, the Income Tax Appellate Tribunal (ITAT) has upheld an addition of long-term capital gain against an investor who invested in a penny stock company in connection with the penny stock scam...
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax cannot be levied on the compensation or enhanced compensation received on Compulsory Acquisition of the agricultural land. For the...
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the re-assessment passed under section 147/ 148 of the Income Tax Act becomes null and void since the assessment under section 153C...
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the provisions of section 50C of the Income Tax Act, 1961 will not be applicable if the assessee is the...
The Delhi bench of the Income Tax Appellate Tribunal (ITAT), has held that the unsigned balance sheets by Auditor or the Director of Company cannot be treated as reliable evidence. The Assessing Officer, during the...
The Income Tax Appellate Tribunal (ITAT), Delhi has allowed income tax exemption to society engaged in imparting education through schools on an appeal filed by Wilsonia West End School Society. The assessee had moved separate...
In a recent case, the Income Tax Appellate Tribunal ( ITAT) Delhi held that No CBDT circular or instruction can be contrary to the decision of the Hon’ble Supreme Court, even subsequent to the decision...
The Income Tax Appellate Tribunal, (ITAT) Delhi, held that when documentary evidence of managing affairs of the contractor by the personnel of the assessee is found during search action, the onus was on the assessee...
The New Delhi bench of due Income Tax Appellate Tribunal (ITAT) in the case of Abodh Borar v ITO held that delay in developer’s delivery of possession to which the assessee could not complete the construction...
The Income Tax Appellate Tribunal ( ITAT ) Delhi, in an appeal by the assessee against the order of the Commissioner of Income-tax (Appeals), held that disallowance of a sum for non-submission of documents and...
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) in the case of Brahma Center Development Pvt Ltd v PCIT held that where after an enquiry the AO took the view that interest...
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) in Delhi held that interpretation of the transaction of loss of security in the nature of revenue expenditure as a capital loss, not allowable against the business profit, by...
The Income Tax Appellate Tribunal, Delhi, held that the, an assessee is entitled to claim under Section 36(1)(vii) of the Income Tax Act, where the money is unable to be recovered due to inability or...
The Income Tax Appellate Tribunal ( ITAT ) in Delhi held that, in earlier assessment years as well as in subsequent assessment years, a particular net profit rate has been applied, which can be applied...
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