![ITAT caps S.14A Disallowance at 1% of Dividend Income for Period prior to Rule 8D, Income Tax Rules [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Dividend-Income-TAXSCAN-2.jpg "ITAT caps S.14A Disallowance at 1% of Dividend Income for Period prior to Rule 8D, Income Tax Rules [Read Order]")
ITAT caps S.14A Disallowance at 1% of Dividend Income for Period prior to Rule 8D, Income Tax Rules [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) recently directed an Assessing Officer ( AO ) to disallow 1% of dividend income as...
![Prior Period Expenses Integrable to Current Income Tax Assessment if Unclaimed: ITAT Remands HUDCO Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Delhi-HUDCO-Housing-and-Urban-Development-Corporation-Income-Tax-Appellate-Tribunal-Prior-Period-Expenses-Integrable-taxscan.jpg "Prior Period Expenses Integrable to Current Income Tax Assessment if Unclaimed: ITAT Remands HUDCO Matter [Read Order]")
![10% Estimated Depreciation Claim on Property Registration Charges & Stamp Duty: ITAT remands for de novo Income Tax Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Delhi-Income-Tax-Income-Tax-Assessment-De-novo-Assessment-ITAT-ITAT-Delhi-Income-Tax-Income-Tax-Assessment-De-novo-Assessment-Taxscan.jpg "10% Estimated Depreciation Claim on Property Registration Charges & Stamp Duty: ITAT remands for de novo Income Tax Assessment [Read Order]")
![ITAT Remands Case to AO for Fresh Adjudication, allowing Assessee to Present Additional Evidence [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Income-Tax-ITAT-Remands-Case-for-Fresh-Adjudication-Taxscan.jpg "ITAT Remands Case to AO for Fresh Adjudication, allowing Assessee to Present Additional Evidence [Read Order]")
![ITAT deletes Incorrect Interest Charges due to Erroneous Due Date for Filing Return [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Deletes-Incorrect-Interest-Charges-ITAT-Deletes-ITAT-Delhi-Due-Date-for-Filing-Return-file-in-return-taxscan.jpg "ITAT deletes Incorrect Interest Charges due to Erroneous Due Date for Filing Return [Read Order]")
₹2 Crore Expenditure on Bonds and Term Loans: ITAT grants Income Tax Deductions to HUDCO [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) recently upheld deductions of Rs.2 Crore made by the Housing and Urban Development Corporation (HUDCO), citing expenditure on bonds and...
Undisclosed Foreign Credit Card Expenses: ITAT sustains Income Tax Additions towards Lalit Modi [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Delhi, recently confirmed income tax additions made by an Assessing Officer on prominent business personality Lalit Kumar Modi, alleging undisclosed...
![Undisclosed Foreign Credit Card Expenses: ITAT sustains Income Tax Additions towards Lalit Modi [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Delhi-Foreign-Credit-Card-Expenses-Income-Tax-Income-Tax-Additions-Taxscan.jpg "Undisclosed Foreign Credit Card Expenses: ITAT sustains Income Tax Additions towards Lalit Modi [Read Order]")
![ITAT Rejects ₹14 Crore Protective Income Tax Addition Against Lalit Modi [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Income-Tax-Addition-TAXSCAN.jpg "ITAT Rejects ₹14 Crore Protective Income Tax Addition Against Lalit Modi [Read Order]")
ITAT dismisses Revenue’s Appeal as Assessment Order Invalid due to Expiry of Statutory Time Limit u/s 201 [Read Order]
In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) held that the assessment order passed by the Assessing Officer ( AO ) was invalid due to the expiry of the statutory...
![ITAT dismisses Revenue’s Appeal as Assessment Order Invalid due to Expiry of Statutory Time Limit u/s 201 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Statutory-Time-Limit-Section-201-Income-Tax-Act-income-tax-taxscan-1.jpg "ITAT dismisses Revenue’s Appeal as Assessment Order Invalid due to Expiry of Statutory Time Limit u/s 201 [Read Order]")
![ITAT Rules Compensation for Delayed Property Delivery as Capital Receipt, Not Taxable [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/itat-income-tax-itat-delhi-Delayed-Property-Delivery-Taxscan.jpg "ITAT Rules Compensation for Delayed Property Delivery as Capital Receipt, Not Taxable [Read Order]")
Assessing Officer approved Assessment Order as per 153D of IT Act: ITAT dismisses the Appeal challenging the Approval [Read Order]
The Delhi Income Tax Appellate Tribunal (ITAT) dismissed the appeal challenging the approval of Assessment Order Under Section 153D of the Income Tax Act, 1961 as the Assessing Officer (AO) has...
![Assessing Officer approved Assessment Order as per 153D of IT Act: ITAT dismisses the Appeal challenging the Approval [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Assessing-Officer-Assessment-Order-153D-IT-Act-ITAT-Appeal-Approval-taxscan.jpg "Assessing Officer approved Assessment Order as per 153D of IT Act: ITAT dismisses the Appeal challenging the Approval [Read Order]")