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
![ITAT deletes disallowance of Long Term Capital Loss incurred on Sale of Share of private company to initial promoters [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-deletes-disallowance-Long-Term-Capital-Loss-Capital-Loss-Sale-of-Share-Share-of-private-company-private-company-initial-promoters-promoters.webp "ITAT deletes disallowance of Long Term Capital Loss incurred on Sale of Share of private company to initial promoters [Read Order]")
ITAT deletes disallowance of Long Term Capital Loss incurred on Sale of Share of private company to initial promoters [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, has annulled the disallowance of a long-term capital loss arising from the sale of shares of a...
![Disallowance of loss due to Incorrect Comprehension of Section 43(6) of Income Tax Act: ITAT upholds order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Disallowance-of-Loss-Incorrect-Comprehension-Income-Tax-Act-ITAT-CITA-taxscan.jpg "Disallowance of loss due to Incorrect Comprehension of Section 43(6) of Income Tax Act: ITAT upholds order of CIT(A) [Read Order]")
![Sale Agents rendered Services outside India and Payment made directly through Foreign Exchange are not Taxable under India-USA DTAA: ITAT allows Disallowance u/s 40(a)(i) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Sale-Agents-rendered-Services-outside-India-Payment-Foreign-Exchange-Taxable-India-USA-DTAA-ITAT-Disallowance-taxscan.jpg "Sale Agents rendered Services outside India and Payment made directly through Foreign Exchange are not Taxable under India-USA DTAA: ITAT allows Disallowance u/s 40(a)(i) [Read Order]")
![Professional Fees paid to Advocate for drafting Share Purchase Agreement is Revenue Expenditure : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Professional-Fees-Advocate-Share-Purchase-Agreement-Revenue-Expenditure-ITAT-taxscan.jpg "Professional Fees paid to Advocate for drafting Share Purchase Agreement is Revenue Expenditure : ITAT [Read Order]")
![ITAT upholds Deletion of Addition u/s 69A upon Cash Found during Search after Demonetisation in Fiduciary Status as Director of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Deletion-of-Addition-Cash-Found-Search-Demonetisation-Fiduciary-Status-Director-of-Company-taxscan.jpg "ITAT upholds Deletion of Addition u/s 69A upon Cash Found during Search after Demonetisation in Fiduciary Status as Director of Company [Read Order]")
Mere whims and fancies by AO, Ignoring Sustainable Vital Evidence: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition under Section 69A of the Income Tax Act, 1961 due to mere whims and fancies of the Assessing Officer and ignoring the...
![Mere whims and fancies by AO, Ignoring Sustainable Vital Evidence: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/whims-fancies-Mere-whims-and-fancies-by-AO-AO-Vital-Evidence-taxscan.jpg "Mere whims and fancies by AO, Ignoring Sustainable Vital Evidence: ITAT deletes Addition u/s 69A of Income Tax Act [Read Order]")
Donation received by assessee Trust are not Anonymous Donation u/s 115BBC of Income Tax Act when Complete Records of donors has maintained: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that donations received by the assessee trust are not anonymous donations under Section 115BBC of the Income Tax Act, 1961 when complete...
![Donation received by assessee Trust are not Anonymous Donation u/s 115BBC of Income Tax Act when Complete Records of donors has maintained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Donaassessee-Trust-Anonymous-Donation-Income-Tax-Act-Complete-Records-donors-ITAT-taxscan.jpg "Donation received by assessee Trust are not Anonymous Donation u/s 115BBC of Income Tax Act when Complete Records of donors has maintained: ITAT [Read Order]")
Suspension of Airline Operations for a Particular period due to losses does not amount to Cessation of Business: ITAT deletes Addition made towards disallowance of expenditure [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench during deleting the addition made towards the disallowance of the expenditure held that suspension of airline operations for a particular period...
![Suspension of Airline Operations for a Particular period due to losses does not amount to Cessation of Business: ITAT deletes Addition made towards disallowance of expenditure [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Suspension-Airline-Operations-Particular-period-losses-amount-Cessation-of-Business-ITAT-disallowance-of-expenditure-taxscan.jpg "Suspension of Airline Operations for a Particular period due to losses does not amount to Cessation of Business: ITAT deletes Addition made towards disallowance of expenditure [Read Order]")
ITAT allows Interest Expenses claimed u/s 36(1)(iii) towards Loans advanced to subsidiary companies for Commercial Expediency [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench allowed interest expenses claimed under Section 36(1)(iii) of the Income Tax Act, 1961 towards the loan advanced to subsidiary companies for...
![ITAT allows Interest Expenses claimed u/s 36(1)(iii) towards Loans advanced to subsidiary companies for Commercial Expediency [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Interest-Expenses-Loans-subsidiary-companies-Commercial-Expediency-taxscan.jpg "ITAT allows Interest Expenses claimed u/s 36(1)(iii) towards Loans advanced to subsidiary companies for Commercial Expediency [Read Order]")
Waiver of Loan for Acquiring Capital Assets cannot be taxed as Perquisite u/s 28(iv) of Income Tax Act :ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that waiver of loan for acquiring capital assets could not be taxed as perquisite under Section 28(iv) of the Income Tax Act, 1961. The...
![Waiver of Loan for Acquiring Capital Assets cannot be taxed as Perquisite u/s 28(iv) of Income Tax Act :ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Waiver-Waiver-of-Loan-Capital-Assets-Waiver-of-Loan-for-Acquiring-Capital-Assets-Perquisite-Income-Tax-Act-taxscan.jpg "Waiver of Loan for Acquiring Capital Assets cannot be taxed as Perquisite u/s 28(iv) of Income Tax Act :ITAT [Read Order]")
Acceptance of ITR without Adequate and Sufficient Enquiry by AO: ITAT upholds Revision order u/s 263 of Income Tax Act [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the revision order under Section 263 of the Income Tax Act 1961 as the acceptance of Income Tax Return (ITR) was without adequate...
![Acceptance of ITR without Adequate and Sufficient Enquiry by AO: ITAT upholds Revision order u/s 263 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Acceptance-of-ITR-Income-Tax-Returns-Adequate-and-Sufficient-Enquiry-by-AO-ITAT-upholds-Revision-order-Revision-order-Income-Tax-Act-Income-Tax-ITAT-ITAT-News-TAXSCAN.jpg "Acceptance of ITR without Adequate and Sufficient Enquiry by AO: ITAT upholds Revision order u/s 263 of Income Tax Act [Read Order]")
Reassessment based on non-filing of ITR and Information of Cash Transaction in Bank Account is valid: ITAT upholds Reassessment Order [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has upheld the reassessment under Section 144/147 of Income Tax Act 1961 holding that the reassessment based on non-filing of Income Tax...
![Reassessment based on non-filing of ITR and Information of Cash Transaction in Bank Account is valid: ITAT upholds Reassessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Reassessment-non-filing-of-ITR-Cash-Transaction-in-Bank-Account-ITAT-Reassessment-order-Income-Tax-Act-taxscan-1.jpg "Reassessment based on non-filing of ITR and Information of Cash Transaction in Bank Account is valid: ITAT upholds Reassessment Order [Read Order]")