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
![Property incapable to Let Out not taxable as House Property Income on Notional basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/House-Property-Taxscan.jpg "Property incapable to Let Out not taxable as House Property Income on Notional basis: ITAT [Read Order]")
Property incapable to Let Out not taxable as House Property Income on Notional basis: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the property which is not capable of letting out cannot be taxable under the...
![Re-Assessment without Application of Mind is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Re-Assessment-Taxscan.jpg "Re-Assessment without Application of Mind is Invalid: ITAT [Read Order]")
![Profit of Sale of Mutual Fund is Capital Gain, not Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/11/Mutual-Fund-Taxscan.jpg "Profit of Sale of Mutual Fund is Capital Gain, not Business Income: ITAT [Read Order]")
![Idea not liable to deduct TDS on payments of Roaming Charges: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Idea-Taxscan.jpg "Idea not liable to deduct TDS on payments of Roaming Charges: ITAT [Read Order]")
![Assessment against Non-Existent Entity is Void: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Revisional-Assessment-Taxscan.jpg "Assessment against Non-Existent Entity is Void: ITAT [Read Order]")
Income / Losses declared by Investor Companies not a Sole Criterion to examine Creditworthiness of Shareholders: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) in Psychotropics Leasing & Finance(P) Ltd. versus Income-tax Officer has held that the income/losses declared by the investor...
![Income / Losses declared by Investor Companies not a Sole Criterion to examine Creditworthiness of Shareholders: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Share-Capital-Taxscan.jpg "Income / Losses declared by Investor Companies not a Sole Criterion to examine Creditworthiness of Shareholders: ITAT [Read Order]")
![HUF can’t be a Working Partner in Firm: ITAT upholds Rectification Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/HUF-Taxscan.jpg "HUF can’t be a Working Partner in Firm: ITAT upholds Rectification Order [Read Order]")
IT Exemption allowable on Sponsorship Receipt Received by Charitable Trust for Conducting Seminars: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) in the case Income Tax Officer v. M/s Escorts Cardiac Disease Hospital Society wherein held that Income Tax exemption allowable on...
![IT Exemption allowable on Sponsorship Receipt Received by Charitable Trust for Conducting Seminars: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Sponsorship-Receipt-Taxscan.jpg "IT Exemption allowable on Sponsorship Receipt Received by Charitable Trust for Conducting Seminars: ITAT [Read Order]")
When Validly Revised Return filed pursuant to notice u/s 153A, is accepted, Defects found in Original Return cannot be considered for Imposing Penalty: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) in M/s OSE Infrastructure Ltd. Versus ACIT, held that when a revised return is accepted as per issue of notice under section 153A and...
![When Validly Revised Return filed pursuant to notice u/s 153A, is accepted, Defects found in Original Return cannot be considered for Imposing Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Revised-Return-Taxscan.jpg "When Validly Revised Return filed pursuant to notice u/s 153A, is accepted, Defects found in Original Return cannot be considered for Imposing Penalty: ITAT [Read Order]")
Statement of Third Parties can’t be relied as Evidence If No Opportunity for Cross-Examination was granted: ITAT [Read Order]
The New Delhi bench of Income Tax Appellate Tribunal in Rajat Exports Import (India) Pvt. Ltd versus ITO held that if no opportunity for cross-examination is granted then the statement of third...
![Statement of Third Parties can’t be relied as Evidence If No Opportunity for Cross-Examination was granted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Cross-Examination-ITAT-Taxscan.jpg "Statement of Third Parties can’t be relied as Evidence If No Opportunity for Cross-Examination was granted: ITAT [Read Order]")
If Shares were held for more than 12 months, Income must be taxed as Capital Gain: ITAT follows CBDT Circular [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that if the shares have been held by the assessee for a period more than 12 months, then the income shall be subject to tax under...
![If Shares were held for more than 12 months, Income must be taxed as Capital Gain: ITAT follows CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "If Shares were held for more than 12 months, Income must be taxed as Capital Gain: ITAT follows CBDT Circular [Read Order]")
Loss on Derivative Transaction is not Speculative Loss and can be adjusted against Business Income: ITAT [Read Order]
A New Delhi bench of the ITAT in the case M/s. Sucon India Ltd. Vs. JCIT held that loss suffered by assessee on derivative transaction is not speculative loss and as such eligible to be adjusted...
![Loss on Derivative Transaction is not Speculative Loss and can be adjusted against Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Business-Loss-Taxscan.jpg "Loss on Derivative Transaction is not Speculative Loss and can be adjusted against Business Income: ITAT [Read Order]")