![ITAT deletes addition made towards loss incurred on derivative transaction carried through proper banking channel: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-ITAT-deletes-addition-Derivative-transaction-taxscan-1.jpg "ITAT deletes addition made towards loss incurred on derivative transaction carried through proper banking channel: ITAT [Read Order]")
ITAT deletes addition made towards loss incurred on derivative transaction carried through proper banking channel: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) deleted additions made towards the loss incurred on the derivative transactions carried...
![ITAT deletes addition u/s 68 of Income Tax Act on Submission of Requisite Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Submission-of-Requisite-Documents-taxscan.jpg "ITAT deletes addition u/s 68 of Income Tax Act on Submission of Requisite Documents [Read Order]")
![Cash Deposits in Bank Account from Sale Proceeds received in Cash on due explanation, is not Unexplained Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Cash-deposits-bank-account-Sale-Proceeds-taxscan.jpg "Cash Deposits in Bank Account from Sale Proceeds received in Cash on due explanation, is not Unexplained Credit: ITAT [Read Order]")
![ITAT Annual Digest [Part 66]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-2023-cases-Taxscan-ITAT-analysis-Income-Tax-Appellate-Tribunal-updates-ITAT-annual-review-ITAT-judgments-Income-Tax-taxscan.jpg "ITAT Annual Digest [Part 66]")
![Â ITAT Annual Digest [Part 20]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-Annual-Digest-Income-Tax-Act-taxscan.jpg "Â ITAT Annual Digest [Part 20]")
Deduction u/s 80IA shall be allowed as Air Cargo Handling Services fall within Scope of Infrastructure facility: ITAT grants relief to Air India Airport Services [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) granted relief to Air India Airport Services and held that deduction under Section 80IA of the Income Tax Act, 1961 shall be allowed as air...
![Deduction u/s 80IA shall be allowed as Air Cargo Handling Services fall within Scope of Infrastructure facility: ITAT grants relief to Air India Airport Services [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Air-India-Airport-Services-Air-Cargo-Handling-Services-ITAT-grants-relief-taxscan.jpg "Deduction u/s 80IA shall be allowed as Air Cargo Handling Services fall within Scope of Infrastructure facility: ITAT grants relief to Air India Airport Services [Read Order]")
ITAT deletes disallowance of Long Term Capital Loss incurred on Sale of Share of private company to initial promoters [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, has annulled the disallowance of a long-term capital loss arising from the sale of shares of a private company to its initial promoters. In this...
![ITAT deletes disallowance of Long Term Capital Loss incurred on Sale of Share of private company to initial promoters [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-deletes-disallowance-Long-Term-Capital-Loss-Capital-Loss-Sale-of-Share-Share-of-private-company-private-company-initial-promoters-promoters.webp "ITAT deletes disallowance of Long Term Capital Loss incurred on Sale of Share of private company to initial promoters [Read Order]")
Sale Agents rendered Services outside India and Payment made directly through Foreign Exchange are not Taxable under India-USA DTAA: ITAT allows Disallowance u/s 40(a)(i) [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) allowed the disallowance under Section 40(a)(i) of the Income Tax Act, 1961, and held that the sale agents rendered services outside India...
![Sale Agents rendered Services outside India and Payment made directly through Foreign Exchange are not Taxable under India-USA DTAA: ITAT allows Disallowance u/s 40(a)(i) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Sale-Agents-rendered-Services-outside-India-Payment-Foreign-Exchange-Taxable-India-USA-DTAA-ITAT-Disallowance-taxscan.jpg "Sale Agents rendered Services outside India and Payment made directly through Foreign Exchange are not Taxable under India-USA DTAA: ITAT allows Disallowance u/s 40(a)(i) [Read Order]")
Professional Fees paid to Advocate for drafting Share Purchase Agreement is Revenue Expenditure : ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, has ruled that professional fees paid to an advocate for drafting a share purchase agreement to facilitate the acquisition of shares are...
![Professional Fees paid to Advocate for drafting Share Purchase Agreement is Revenue Expenditure : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Professional-Fees-Advocate-Share-Purchase-Agreement-Revenue-Expenditure-ITAT-taxscan.jpg "Professional Fees paid to Advocate for drafting Share Purchase Agreement is Revenue Expenditure : ITAT [Read Order]")
ITAT upholds Deletion of Addition u/s 69A upon Cash Found during Search after Demonetisation in Fiduciary Status as Director of Company [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the deletion of addition under Section 69A of the Income Tax Act 1961 upon cash found during search after demonetisation in...
![ITAT upholds Deletion of Addition u/s 69A upon Cash Found during Search after Demonetisation in Fiduciary Status as Director of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Deletion-of-Addition-Cash-Found-Search-Demonetisation-Fiduciary-Status-Director-of-Company-taxscan.jpg "ITAT upholds Deletion of Addition u/s 69A upon Cash Found during Search after Demonetisation in Fiduciary Status as Director of Company [Read Order]")
Payment made to Professionals towards due Diligence Fees for Rendering Assistance to Acquiring Company is Revenue Expenditure u/s 37(1) of Income Tax Act: ITAT allows Deduction [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that the payment made to professionals towards due diligence fees for rendering assistance to acquiring company is revenue expenditure....
![Payment made to Professionals towards due Diligence Fees for Rendering Assistance to Acquiring Company is Revenue Expenditure u/s 37(1) of Income Tax Act: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Payment-Professionals-towards-due-Diligence-Fees-for-Rendering-Assistance-to-Acquiring-Company-is-Revenue-Expenditure-Income-Tax-Act-ITAT-allows-Deduction-TAXSCAN.jpg "Payment made to Professionals towards due Diligence Fees for Rendering Assistance to Acquiring Company is Revenue Expenditure u/s 37(1) of Income Tax Act: ITAT allows Deduction [Read Order]")