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
![Deduction u/s 80P(2)(d) of Income Tax Allowable to Cooperative Banks Doing Banking Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Deduction-us-80P2d-of-Income-Tax-Cooperative-Banks-Banking-Business-ITAT-TAXSCAN.jpg "Deduction u/s 80P(2)(d) of Income Tax Allowable to Cooperative Banks Doing Banking Business: ITAT [Read Order]")
Deduction u/s 80P(2)(d) of Income Tax Allowable to Cooperative Banks Doing Banking Business: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has allowed the deduction under Section 80P(2)(d) of the Income Tax Act, 1961 to the Grand...
![Section 50C can be applied only to Capital Assets not to Leasehold Rights: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Delhi-Section-50C-Income-Tax-Act-leasehold-rights-Capital-Assets-taxscan.jpg "Section 50C can be applied only to Capital Assets not to Leasehold Rights: ITAT [Read Order]")
![Revisionary Jurisdiction under Income Tax Act cannot be invoked on allegation of Improper Inquiry by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Delhi-Income-tax-act-Revisionary-Jurisdiction-improper-inquiry-Assessing-Officer-taxscan.jpg "Revisionary Jurisdiction under Income Tax Act cannot be invoked on allegation of Improper Inquiry by AO: ITAT [Read Order]")
![Purchase of Agricultural Land not fall under Definition of Capital Asset: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-delhi-Purchase-of-Agricultural-Land-Capital-Asset-Delhi-ITAT-Deletes-Addition-Taxation-of-Land-taxscan.jpg "Purchase of Agricultural Land not fall under Definition of Capital Asset: ITAT deletes Addition [Read Order]")
![Assessments concluded u/s 153A without Mandatory Approval is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-Tax-Appellate-Tribunal-section-153A-of-the-Income-Tax-Act-mandatory-approval-taxscan.jpg "Assessments concluded u/s 153A without Mandatory Approval is Invalid: ITAT [Read Order]")
Addition on Sale of Partner's Property Sold before issuance of Notice u/s 148 of Income Tax Act: ITAT quashes Re-assessment Proceedings against Firm [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the reassessment proceedings, noting that the firm used a partner's property as its address, but the property had been sold...
![Addition on Sale of Partners Property Sold before issuance of Notice u/s 148 of Income Tax Act: ITAT quashes Re-assessment Proceedings against Firm [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-tax-act-ITAT-delhi-Partners-property-sold-properties-TAXSCAN.jpg "Addition on Sale of Partners Property Sold before issuance of Notice u/s 148 of Income Tax Act: ITAT quashes Re-assessment Proceedings against Firm [Read Order]")
ITAT allows Deduction Claim u/s 80IB (10) of Income Tax Act in respect of Flats which Area Exceeds 1000 sq.fts Excluding Balcony Open to Sky [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) allowed a claim for deduction under Section 80IB(10) of the Income Tax Act, 1961 in respect of flats whose area exceeds 1000...
![ITAT allows Deduction Claim u/s 80IB (10) of Income Tax Act in respect of Flats which Area Exceeds 1000 sq.fts Excluding Balcony Open to Sky [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-Tax-Income-Tax-Act-Income-Tax-Appellate-Tribunal-Section-80IB10-of-the-Income-Tax-Act-ITAT-Allows-taxscan.jpg "ITAT allows Deduction Claim u/s 80IB (10) of Income Tax Act in respect of Flats which Area Exceeds 1000 sq.fts Excluding Balcony Open to Sky [Read Order]")
Project Completion Method is Right Method Prescribed by ICAI for determining Profit, Eligible for Deduction u/s 80IB(10) of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) confirmed that the project completion method was the appropriate method for determining profit eligible for deduction under Section...
![Project Completion Method is Right Method Prescribed by ICAI for determining Profit, Eligible for Deduction u/s 80IB(10) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-delhi-Income-Tax-Income-Tax-Act-ICAI-Income-Tax-Appellate-Tribunal-Section-80IB10-of-the-Income-Tax-Act-taxscan.jpg "Project Completion Method is Right Method Prescribed by ICAI for determining Profit, Eligible for Deduction u/s 80IB(10) of Income Tax Act: ITAT [Read Order]")
CIT(A) fails to provide Evidence of Notice Served: ITAT deletes Penalty u/s 271 (1) (b) of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) found that the Commissioner of Income Tax (Appeals) [ CIT(A) ] failed to provide evidence of notice served and subsequently deleted the...
![CIT(A) fails to provide Evidence of Notice Served: ITAT deletes Penalty u/s 271 (1) (b) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Delhi-Income-tax-Income-tax-news-Income-tax-act-taxscan.jpg "CIT(A) fails to provide Evidence of Notice Served: ITAT deletes Penalty u/s 271 (1) (b) of Income Tax Act [Read Order]")
Exemption u/s 54F of Income Tax Act not allowable for 500 sqm Shed on Agricultural Land: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) rejected a claim for exemption under Section 54F of the Income Tax Act, as the exemption from sale of capital assets were claimed in the...
![Exemption u/s 54F of Income Tax Act not allowable for 500 sqm Shed on Agricultural Land: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/site-img-6-1.jpg "Exemption u/s 54F of Income Tax Act not allowable for 500 sqm Shed on Agricultural Land: ITAT [Read Order]")
Taxpayer Provides Adequate and Credible Evidence on Identity, Creditworthiness and Genuineness of Share Subscription Transactions:Â ITAT deletes addition u/s 68 [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition under Section 68 of Income Tax Act, 1961 after the taxpayer provided adequate and credible evidence on their...
![Taxpayer Provides Adequate and Credible Evidence on Identity, Creditworthiness and Genuineness of Share Subscription Transactions:Â ITAT deletes addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Delhi-Section-68-of-Income-Tax-Act-Income-Tax-Appellate-Tribunal-Tax-news-Taxscan.jpg "Taxpayer Provides Adequate and Credible Evidence on Identity, Creditworthiness and Genuineness of Share Subscription Transactions:Â ITAT deletes addition u/s 68 [Read Order]")