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
![No Penalty If ALP was determined as per section 92C in Good Faith and with Due Diligence: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty If ALP was determined as per section 92C in Good Faith and with Due Diligence: ITAT Delhi [Read Order]")
No Penalty If ALP was determined as per section 92C in Good Faith and with Due Diligence: ITAT Delhi [Read Order]
A division bench of the Delhi ITAT, last week held that penalty under section 271(1)(c ) of the Income Tax Act, 1961 cannot be levied if the Arm’s...
![Provisions of ‘Deemed Dividend’ does not attract in case of Normal Business Transactions: ITAT follows CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Dividend-Distribution-Tax.jpg "Provisions of ‘Deemed Dividend’ does not attract in case of Normal Business Transactions: ITAT follows CBDT Circular [Read Order]")
![TDS not applicable to Bank Guarantee Commission: ITAT follows CBDT Circular [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/TDS-Taxscan.jpg "TDS not applicable to Bank Guarantee Commission: ITAT follows CBDT Circular [Read Order]")
Genuineness of Gift received by Assessee can’t be suspected merely on Ground that Family Members received Bogus Gifts: ITAT
While deleting an addition made in respect of undisclosed income, the Delhi bench of the ITAT held that the gift received by the assessee cannot be treated as non-genuine merely for the reason that...
Discount on Prepaid Products Offered by BSNL is ‘Commission’: TDS Applicable, says ITAT [Read Order]
In a major setback to telephone companies, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the provisions relating to tax deduction at source under section 194H of the Income Tax...
![Discount on Prepaid Products Offered by BSNL is ‘Commission’: TDS Applicable, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/BSNL-ITAT-Taxscan.jpg "Discount on Prepaid Products Offered by BSNL is ‘Commission’: TDS Applicable, says ITAT [Read Order]")
Disallowance under section 14A of the Act cannot exceed the exempt income earned by the assesse: ITAT follows Delhi HC decision
The Income Tax Appellate Tribunal Delhi bench, comprising of judicial member SH.Amit Sukla and accountant member SH.O.P.Kant held that disallowance under section 14A of the act cannot exceed the...
Staff Welfare Expenses are not Contingent Liability if it was in terms with AS-4 and it subsequently discharged by the Assessee: ITAT Allows Claim [Read Order]
The Income Tax Appellate Tribunal [ITAT], Delhi Bench, has allowed the claim of staff welfare expense not a contingent liability in terms with AS-4. The Delhi bench of ITAT including Shri H.S. Sidhu,...
![Staff Welfare Expenses are not Contingent Liability if it was in terms with AS-4 and it subsequently discharged by the Assessee: ITAT Allows Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Expenditures-TAXSCAN.jpg "Staff Welfare Expenses are not Contingent Liability if it was in terms with AS-4 and it subsequently discharged by the Assessee: ITAT Allows Claim [Read Order]")
Rental Income from Real Estate Business cannot be treated as ‘Income from House Property’: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) rental amount received from real estate business cannot be treated as ‘Income from House Property’ under the provisions of the Income Tax...
![Rental Income from Real Estate Business cannot be treated as ‘Income from House Property’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Rental-Income-Taxscan.jpg "Rental Income from Real Estate Business cannot be treated as ‘Income from House Property’: ITAT [Read Order]")
![Interest Paid on Share Application Money is allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Interest Paid on Share Application Money is allowable as Business Expenditure: ITAT [Read Order]")
Notional Interest can’t be applied on Advances given by Holding Companies to Subsidiaries: DLF's Subsidiary gets Tax Relief [Read Order]
ITAT also held that Loss born out of compensation from Land Acquisition can be deducted in the AY in which compensation was awarded. Last Tuesday, the Income Tax Appellate Tribunal (ITAT) Delhi,...
![Notional Interest can’t be applied on Advances given by Holding Companies to Subsidiaries: DLFs Subsidiary gets Tax Relief [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/DLF-Clubs.jpg "Notional Interest can’t be applied on Advances given by Holding Companies to Subsidiaries: DLFs Subsidiary gets Tax Relief [Read Order]")