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
![Agricultural Land purchased in Name of Wife Eligible for Capital Gain Deduction u/s 54B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Agricultural-Land-purchase-Land-purchased-in-name-of-wife-Capital-Gain-Deduction-Agricultural-Land-Eligiblity-for-Capital-Gain-Deduction-taxscan.jpg "Agricultural Land purchased in Name of Wife Eligible for Capital Gain Deduction u/s 54B of Income Tax Act: ITAT [Read Order]")
Agricultural Land purchased in Name of Wife Eligible for Capital Gain Deduction u/s 54B of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the agricultural land purchased in the name of the wife is eligible for capital...
![ITAT quashes Disallowance of Deduction u/s 54 merely based on Non-Deposit of Capital Gains in Capital Gain Account Scheme [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-Deduction-Capital-Gain-Capital-Gain-Account-Scheme-Non-Deposit-of-Capital-Gain-ITAT-Delhi-taxscan.jpg "ITAT quashes Disallowance of Deduction u/s 54 merely based on Non-Deposit of Capital Gains in Capital Gain Account Scheme [Read Order]")
![ITAT deletes addition made u/s 69 of Income Tax Act on account of difference of excess stock of 22 Kt Gold and Polki jewellery [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/site-image-5-1.jpg "ITAT deletes addition made u/s 69 of Income Tax Act on account of difference of excess stock of 22 Kt Gold and Polki jewellery [Read Order]")
![Subsidy given by State Governments on Account of Development of Multiplexes in State is a Capital Receipt: ITAT grants relief to PVR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/state-government-Multiplexes-capital-reciept-Subsidy-itat-relief-pvr-taxscan.jpg "Subsidy given by State Governments on Account of Development of Multiplexes in State is a Capital Receipt: ITAT grants relief to PVR [Read Order]")
![Addition u/s 69A cant be imposed when Assessee doesnt hold Ownership of Money and No Evidence has been found concerning Cash: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-ITAT-delhi-Cash-Ownership-of-Money-Addition-Assessee-Ownership-taxscan.jpeg "Addition u/s 69A cant be imposed when Assessee doesnt hold Ownership of Money and No Evidence has been found concerning Cash: ITAT [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 private company to its initial promoters. In...
![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/2023/12/ITAT-disallowance-Long-Term-Capital-Sale-of-Share-Capital-Loss-ITAT-Delhi-taxscan.jpg "ITAT deletes disallowance of Long Term Capital Loss incurred on Sale of Share of private company to initial promoters [Read Order]")
Claim of Exemption u/s 10(10)(i) in respect to Gratuity and Leave Encashment shall be allowed When Assessee is an Employee holding a Civil Post: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the claim of exemption under Section 10(10)(i) of the Income Tax Act, 1961 in respect of gratuity and leave encashment shall be...
![Claim of Exemption u/s 10(10)(i) in respect to Gratuity and Leave Encashment shall be allowed When Assessee is an Employee holding a Civil Post: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Gratuity-and-Leave-Encashment-ITAT-Civil-Post-Exemption-TAXSCAN.jpg "Claim of Exemption u/s 10(10)(i) in respect to Gratuity and Leave Encashment shall be allowed When Assessee is an Employee holding a Civil Post: ITAT [Read Order]")
Proceeding u/s 263 can't be Initiated on Account of Income received from Fly Ash and Cenosphere: ITAT set aside Order of PCIT while granting relief to NTPC [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) set aside the order of the Principal Commissioner of Income Tax (PCIT) while granting relief to NTPC and held that the proceeding under...
![Proceeding u/s 263 cant be Initiated on Account of Income received from Fly Ash and Cenosphere: ITAT set aside Order of PCIT while granting relief to NTPC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Proceeding-Income-received-Fly-Ash-Cenosphere-ITAT-NTPC-Order-TAXSCAN.jpg "Proceeding u/s 263 cant be Initiated on Account of Income received from Fly Ash and Cenosphere: ITAT set aside Order of PCIT while granting relief to NTPC [Read Order]")
Interest Income Generated on funds Owned by GOI is not an Income in hands of Appellant Company: ITAT deletes Addition made u/s 56 of Income Tax Act [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made under Section 56 of the Income Tax Act, 1961 and held that the interest income generated on funds owned by the...
![Interest Income Generated on funds Owned by GOI is not an Income in hands of Appellant Company: ITAT deletes Addition made u/s 56 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Interest-Income-GOI-Interest-Income-Generated-on-funds-Owned-by-GOI-ITAT-deletes-Addition-ITAT-Income-Tax-Act-taxscan.jpg "Interest Income Generated on funds Owned by GOI is not an Income in hands of Appellant Company: ITAT deletes Addition made u/s 56 of Income Tax Act [Read Order]")
![No TDS u/s 192B on payment made to Consultant Doctors and Retainer Doctors: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/TDS-Tax-Deducted-at-Source-Consultant-Doctors-Retainer-Doctors-payment-made-to-Consultant-Doctors.jpg "No TDS u/s 192B on payment made to Consultant Doctors and Retainer Doctors: ITAT [Read Order]")
Availability of cash with different companies is sufficient to explain cash found at time of search: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) observed that availability of cash with different companies is sufficient to explain cash found at time of search. The issue to be...
![Availability of cash with different companies is sufficient to explain cash found at time of search: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Availability-cash-companies-explain-cash-ITAT-TAXSCAN.jpg "Availability of cash with different companies is sufficient to explain cash found at time of search: ITAT [Read Order]")
Deduction u/s 115JB shall be allowed when Farmer and Trade Advances are actually Written off in Books of Account: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the deduction under Section 115JB of the Income Tax Act, 1961 shall be allowed when the farmer and trade advances are actually...
![Deduction u/s 115JB shall be allowed when Farmer and Trade Advances are actually Written off in Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Deduction-Farmer-Farmer-and-Trade-Farmer-and-Trade-Advances-Written-off-taxscan.jpg "Deduction u/s 115JB shall be allowed when Farmer and Trade Advances are actually Written off in Books of Account: ITAT [Read Order]")