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
Set Back to Indian National Congress: Delhi HC confirms Recovery of Outstanding Income Tax Demand Over Rs. 100 Crore
The Delhi High Court upheld the Income Tax Appellate Tribunal's ( ITAT ) decision today, confirming the recovery of outstanding income taxes demand...
![Amounts Advanced for Business Transactions between shareholding entities not Deemed Dividend u/s 2(22)(e) of IT Act: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Business-Transactions-Shareholding-Entities-Income-Tax-Appellate-Tribunal-taxscan.jpg "Amounts Advanced for Business Transactions between shareholding entities not Deemed Dividend u/s 2(22)(e) of IT Act: ITAT deletes Addition [Read Order]")
![No addition shall be made u/s 68 of Income Tax Act, when Authenticity/Genuineness of Share Application Money received from various investors are fully explained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Addition-TAXSCAN.jpg "No addition shall be made u/s 68 of Income Tax Act, when Authenticity/Genuineness of Share Application Money received from various investors are fully explained: ITAT [Read Order]")
![No Disallowance u/s 40A(2) towards Payments of Supervision and Risk Management Charges to Relative Concerns: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Disallowance-Income-Tax-TAXSCAN.jpg "No Disallowance u/s 40A(2) towards Payments of Supervision and Risk Management Charges to Relative Concerns: ITAT [Read Order]")
![Failure to point out deficiency in books of account of Mobile distribution business: ITAT deletes 30% Disallowance made on Expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Mobile-Distribution-Mobile-Distribution-Business-taxscan.jpg "Failure to point out deficiency in books of account of Mobile distribution business: ITAT deletes 30% Disallowance made on Expenditure [Read Order]")
JCIT's approval for Search assessment u/s 153D of Income Tax Act deemed Mechanical without mindful consideration: ITAT nullifies Search
The Delhi bench of Income Tax Appellate Tribunal (ITAT) held that approval under Section 153D of the Income Tax Act, 1961 granted by the Joint Commissioner of Income Tax (JCIT) for the search...
ITAT deletes addition made towards loss incurred on derivative transaction carried through proper banking channel: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) deleted additions made towards the loss incurred on the derivative transactions carried through the proper banking channel. The Assessee...
![ITAT deletes addition made towards loss incurred on derivative transaction carried through proper banking channel: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-ITAT-deletes-addition-Derivative-transaction-taxscan-1.jpg "ITAT deletes addition made towards loss incurred on derivative transaction carried through proper banking channel: ITAT [Read Order]")
Non-Forwarding of draft Assessment Order specified u/s 144C(1) of Income Tax Act: ITAT quashed Assessment order [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) recently quashed assessment order passed under Section 153C of the Income Tax Act, 1961 due to non-filing of draft assessment order specified...
![Non-Forwarding of draft Assessment Order specified u/s 144C(1) of Income Tax Act: ITAT quashed Assessment order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Assessment-order-Draft-Assessment-Order-Tax-assessment-order-issues-taxscan.jpg "Non-Forwarding of draft Assessment Order specified u/s 144C(1) of Income Tax Act: ITAT quashed Assessment order [Read Order]")
Interest paid on loans borrowed for real estate and finance business is allowable as deduction: ITAT deletes Disallowance [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) while deleting the disallowance made by the assessing officer towards the interest expenses held that interest paid on loans borrowed for...
![Interest paid on loans borrowed for real estate and finance business is allowable as deduction: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-loan-interest-Real-estate-business-tax-Tax-deductions-in-business-Tax-news-Business-loans-interest-taxscan.jpg "Interest paid on loans borrowed for real estate and finance business is allowable as deduction: ITAT deletes Disallowance [Read Order]")
![ITAT deletes addition u/s 68 of Income Tax Act on Submission of Requisite Documents [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Submission-of-Requisite-Documents-taxscan.jpg "ITAT deletes addition u/s 68 of Income Tax Act on Submission of Requisite Documents [Read Order]")
Section 80IA claim permitted on gross basis without offsetting losses from other Industrial Units: ITAT allows Deduction [Read Order]
The bench of the Income Tax Appellate Tribunal ( ITAT ) in Delhi, has observed that the deduction claim under Section 80IA under Income Tax Act, 1961 shall be permitted on gross basis without...
![Section 80IA claim permitted on gross basis without offsetting losses from other Industrial Units: ITAT allows Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Deduction-on-gross-basis-Income-tax-deduction-losses-taxscan.jpg "Section 80IA claim permitted on gross basis without offsetting losses from other Industrial Units: ITAT allows Deduction [Read Order]")
Transport Services or Medical Expenses Reimbursement provided to non-employees excluded from FBT liability: ITAT deletes Addition [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled in favor of the assessee by removing the addition related to transport services or medical expenses reimbursement provided to...
![Transport Services or Medical Expenses Reimbursement provided to non-employees excluded from FBT liability: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-Transport-Services-TAXSCAN.jpeg "Transport Services or Medical Expenses Reimbursement provided to non-employees excluded from FBT liability: ITAT deletes Addition [Read Order]")