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
![Defective Penalty Notice: ITAT deletes penalty Imposed u/s 271AAB of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Defective-Penalty-Notice-Penalty-Notice-ITAT-Income-Tax-Act-taxscan.jpg "Defective Penalty Notice: ITAT deletes penalty Imposed u/s 271AAB of Income Tax Act [Read Order]")
Defective Penalty Notice: ITAT deletes penalty Imposed u/s 271AAB of Income Tax Act [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) deleted the penalty imposed under Section 271AAB of the Income Tax Act, 1961 due to the...
![ITAT directs AO to re-compute book profit u/s 115JB of Income Tax Act by giving opportunity of being heard to assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Exemption-Income-Tax-Act-Income-Tax-activities-of-Trust-Trust-Nature-of-Trade-Trade-Commerce-taxscan-Business-ITAT.jpg "ITAT directs AO to re-compute book profit u/s 115JB of Income Tax Act by giving opportunity of being heard to assessee [Read Order]")
![No Disallowance of Interest Expenditure not claimed during Deposit of Tax in Return: ITAT directs re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Disallowance-Interest-Expenditure-Deposit-Tax-in-Return-ITAT-re-adjudication-No-Disallowance-of-Interest-Expenditure-taxscan.jpg "No Disallowance of Interest Expenditure not claimed during Deposit of Tax in Return: ITAT directs re-adjudication [Read Order]")
![ITAT direct to Allow Exemption u/s 10(38) of Income Tax Act only after verifying status of STT Payment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Exemption-TAXSCAN.jpg "ITAT direct to Allow Exemption u/s 10(38) of Income Tax Act only after verifying status of STT Payment [Read Order]")
![Treatment of Personal Expenses as Income precludes loan classification, Income cannot be taxed twice in same Assessment Year: ITAT deletes Penalty u/s 271D [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Taxation-of-personal-expenses-Section-271D-of-Income-Tax-Act-taxscan.jpg "Treatment of Personal Expenses as Income precludes loan classification, Income cannot be taxed twice in same Assessment Year: ITAT deletes Penalty u/s 271D [Read Order]")
Property Sale Consideration not grounds for inaccurate Income Particulars: ITAT deletes Penalty u/s 271 (1) (c) of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under Section 271(1)(c) of the Income Tax Act, stating that property sale consideration should not be grounds for...
![Property Sale Consideration not grounds for inaccurate Income Particulars: ITAT deletes Penalty u/s 271 (1) (c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-Income-Tax-ITAT-Delhi-Property-Sale-tax-Tax-penalty-property-sale-Misreporting-income-tax-penalty-taxscan.jpeg "Property Sale Consideration not grounds for inaccurate Income Particulars: ITAT deletes Penalty u/s 271 (1) (c) of Income Tax Act [Read Order]")
No Evidence of Cash Payments for Demand Drafts to 34 Parties: ITAT Upholds Deletion of Additions by CIT (A) u/s 68 of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion of additions made under Section 68 of the Income Tax Act, 1961 by the Commissioner of Income Tax (Appeals)...
![No Evidence of Cash Payments for Demand Drafts to 34 Parties: ITAT Upholds Deletion of Additions by CIT (A) u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Cash-Payments-No-Evidence-of-Cash-Payments-ITAT-Deletion-Additions-CIT-A-Income-Tax-Act-taxscan.jpg "No Evidence of Cash Payments for Demand Drafts to 34 Parties: ITAT Upholds Deletion of Additions by CIT (A) u/s 68 of Income Tax Act [Read Order]")
Capital Gain deduction shall not be denied for purchase of New Property in the name of spouse: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) ruled that capital gain deduction should not be denied even if new property purchased in the name of spouse. The assessee Simran...
![Capital Gain deduction shall not be denied for purchase of New Property in the name of spouse: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Capital-Gain-Capital-Gain-deduction-taxscan.jpg "Capital Gain deduction shall not be denied for purchase of New Property in the name of spouse: ITAT [Read Order]")
![ITAT upholds addition made on account of commission income earned from accommodation entries [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-addition-income-ITAT-upholds-addition-made-on-account-of-commission-income-accommodation-entries-taxscan-1.jpg "ITAT upholds addition made on account of commission income earned from accommodation entries [Read Order]")
Stubbed Diamond Jewellery found during Search Proceedings need not to declared in Wealth Tax Return: ITAT deletes Addition [Read Order]
The two member bench of Delhi Income Tax Appellate Tribunal (ITAT) ruled that stubbed diamond jewelry found during the search proceedings should not need to be declared in wealth tax return. Hence...
![Stubbed Diamond Jewellery found during Search Proceedings need not to declared in Wealth Tax Return: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Stubbed-Diamond-Jewellery-Search-Proceedings-Tax-Return-ITAT-Addition-taxscan.jpg "Stubbed Diamond Jewellery found during Search Proceedings need not to declared in Wealth Tax Return: ITAT deletes Addition [Read Order]")
No Liability arises as Revenue failed to issue Demand Notice with respect to Interest component of FBT: ITAT grants relief to Sony India [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) while granting relief to Sony India the bench held that liability does not arise since failure to demand notice with respect to interest...
![No Liability arises as Revenue failed to issue Demand Notice with respect to Interest component of FBT: ITAT grants relief to Sony India [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Sony-India-tax-case-Fringe-Benefit-Tax-Sony-India-taxscan.jpg "No Liability arises as Revenue failed to issue Demand Notice with respect to Interest component of FBT: ITAT grants relief to Sony India [Read Order]")
Share Capital from Directors and Shareholders of Company duly discharged with Evidence: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) ruled that share capital received from directors and shareholders of the company was duly discharged with evidence . Therefore the bench ...
![Share Capital from Directors and Shareholders of Company duly discharged with Evidence: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Share-Capital-Directors-Shareholders-Directors-and-Shareholders-of-Company-ITAT-taxscan.jpg "Share Capital from Directors and Shareholders of Company duly discharged with Evidence: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]")