ITAT Delhi Judgments, Orders & News | Income Tax Appellate Tribunal

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ITAT Delhi

Explore the latest ITAT Delhi judgments, orders, and appellate decisions on direct tax matters from the Delhi bench of the Income Tax Appellate Tribunal

Notice u/s 148 Held Time-Barred: ITAT quashes Income Tax Reassessment Proceedings as Void [Read Order]

Advika Dwivedi

The Income Tax Appellate Tribunal (ITAT), Delhi has held that a reassessment notice issued under Section 148 of the Income Tax Act, 1961, beyond...

No Tangible Material to Justify AO’s Profit Assessment of ₹69 Crores: ITAT Quashes Reassessment...

Depreciation on Goodwill Arising from Amalgamation Allowed in Book Profits: ITAT Rules in Favour of...

Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s...

Income Tax Assessments on Basis of Consolidated Approval u/s 153D is Void Ab Initio: ITAT [Read...

S.153D Approval Granted Without Application of Mind Voids Income Tax Assessment: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench held that an assessment framed under Section 144 of the Income Tax Act, 1961, was invalid as the mandatory approval under Section 153D of the...

S. 54F Exemption cannot Be Denied for Non-Deposit in Capital Gain Account if Entire Sale Consideration already Invested in Plot: ITAT [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that exemption under Section 54F of the Income Tax Act, 1961, cannot be denied merely because the assessee did not deposit the...

Application of S. 115BBE without Linking to Proper Charging Provision u/s 68-69D is Not Valid: ITAT deletes Rs. 1cr Addition [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has struck down an addition of ₹1 crore made under Section 115BBE of the Income Tax Act, 1961, holding that the Assessing Officer (AO)...

Income Tax Penalty cannot be levied on Addition based on Estimation: “Unsustainable”, says ITAT [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the penalty under Section 270A of the Income Tax Act, 1961, cannot be levied when the underlying addition is based purely...

Income Assessed in Proprietor’s Hands cannot Be Assessed again in Dissolved Partnership : ITAT [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that income assessed in the proprietor's hand cannot be assessed again in dissolved partnership. The Revenue-appellant appealed...

Joint Property owned by Husband and Wife Purchased is Entirely Husband's Investment: ITAT deletes Addition made in Wife’s Hands [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted an addition of ₹70,46,028 made in the hands of the wife, holding that the investment in a jointly owned property was...

Interest Paid to HUDA on Delayed External Development Charges Not Penal, Deductible as Revenue Expenditure: ITAT [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that interest paid to the Haryana Urban Development Authority (HUDA) on delayed payment of External Development Charges (EDC)...

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