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
![Relief to Honda : ITAT Deletes Disallowance on Signage Expenses and Sale Tools Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Relief-Honda-ITAT-Disallowance-Expenses-Sale-Tools-Expenses-TAXSCAN.jpg "Relief to Honda : ITAT Deletes Disallowance on Signage Expenses and Sale Tools Expenses [Read Order]")
Relief to Honda : ITAT Deletes Disallowance on Signage Expenses and Sale Tools Expenses [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) deleted the disallowances on signage expenses and sale tools expenses on the basis of...
![Relief to Honda: ITAT allows Claim of Deduction of Expenses for Technical Know-How Services [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Relief-Honda-ITAT-Claim-Deduction-Expenses-Technical-Know-How-Services-TAXSCAN.jpg "Relief to Honda: ITAT allows Claim of Deduction of Expenses for Technical Know-How Services [Read Order]")
![Depreciation of 15% allowable on Electrical Fittings installed at factory premises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Depreciation-allowable-Electrical-Fittings-installed-factory-premises-ITAT-Assessing-Officer-allowed-of-claim-of-higher-depreciation-taxscan.jpg "Depreciation of 15% allowable on Electrical Fittings installed at factory premises: ITAT [Read Order]")
![No Addition shall be made, if Assessee has Sufficient Interest Free Fund to Provide Interest Free loans: ITAT dismisses Revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/interest-free-fund-interest-free-loans-ITAT-revenues-Appeal-ITAT-dismisses-revenues-Appeal-taxscan.jpg "No Addition shall be made, if Assessee has Sufficient Interest Free Fund to Provide Interest Free loans: ITAT dismisses Revenues Appeal [Read Order]")
![No Addition shall be made, if assessee has sufficient interest free fund to provide interest free loans: ITAT dismisses revenues Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Addition-if-assessee-sufficient-interest-fund-provide-interest-free-loans-ITAT-revenue-Appeal-taxscan.jpg "No Addition shall be made, if assessee has sufficient interest free fund to provide interest free loans: ITAT dismisses revenues Appeal [Read Order]")
![Forfeiture of Share Application money is Capital Receipt, not Revenue Receipt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Forfeiture-of-Share-Application-money-Capital-Receipt-not-Revenue-Receipt-ITAT-income-tax-taxscan.jpg "Forfeiture of Share Application money is Capital Receipt, not Revenue Receipt: ITAT [Read Order]")
Additional income surrendered during course of Survey Proceedings shall not be taxed at 60% u/s 115BBE of Income Tax Act: ITAT quashes Revision Order [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that additional income surrendered during the course of survey proceedings should not be taxed at 60% under Section 115BBE of the...
![Additional income surrendered during course of Survey Proceedings shall not be taxed at 60% u/s 115BBE of Income Tax Act: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Additional-income-surrendered-course-Survey-Proceedings-taxed-Income-Tax-ITAT-quashes-Revision-Order-taxscan.jpg "Additional income surrendered during course of Survey Proceedings shall not be taxed at 60% u/s 115BBE of Income Tax Act: ITAT quashes Revision Order [Read Order]")
Application of Section 147 of Income Tax Act by AO having Tangible Material in Possession indicating Escapement of Income Chargeable to Tax is Valid: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the application of Section 147 of the Income Tax Act 1961, by an Assessing Officer (AO) having tangible material in possession...
![Application of Section 147 of Income Tax Act by AO having Tangible Material in Possession indicating Escapement of Income Chargeable to Tax is Valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Application-Income-Tax-Act-AO-Tangible-Material-Possession-Escapement-Income-Chargeable-Tax-Valid-ITAT-TAXSCAN.jpg "Application of Section 147 of Income Tax Act by AO having Tangible Material in Possession indicating Escapement of Income Chargeable to Tax is Valid: ITAT [Read Order]")
Reopening of Assessment after Four Years while there was No New Tangible Material Evidence: ITAT quashes Assessment Order [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the assumption of jurisdiction for reopening the assessment by the Assessing Officer is bad in law and notice under Section 148 of...
![Reopening of Assessment after Four Years while there was No New Tangible Material Evidence: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Reopening-Assessment-Tangible-Material-Evidence-ITAT-Assessment-Order-Income-Tax-taxscan.jpg "Reopening of Assessment after Four Years while there was No New Tangible Material Evidence: ITAT quashes Assessment Order [Read Order]")
ITAT directs AO to allow Indexation on cost of acquisition and improvement while Computing Long term capital gain for Computation done separately makes assessee Pay additional Tax [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) helx that even if capital gain computed on the land and on the buiing separately as a long term capital asset and as a short term capital...
![ITAT directs AO to allow Indexation on cost of acquisition and improvement while Computing Long term capital gain for Computation done separately makes assessee Pay additional Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-AO-to-indexation-on-cost-of-acquisition-and-improvement-while-computing-long-term-capital-gain-for-computation-separately-pay-additional-tax-TAXSCAN.jpg "ITAT directs AO to allow Indexation on cost of acquisition and improvement while Computing Long term capital gain for Computation done separately makes assessee Pay additional Tax [Read Order]")
No Penalty u/s 271(1)(c) of Income Tax Act can be Imposed when Assessee Sufficiently Proved the Bonafides of Losses Claimed: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that if bona fides of the losses claimed are sufficiently proved by the assessee and the onus has been primarily discharged on the...
![No Penalty u/s 271(1)(c) of Income Tax Act can be Imposed when Assessee Sufficiently Proved the Bonafides of Losses Claimed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Penalty-Income-tax-Act-Imposed-Assessee-Sufficiently-Bonafides-Losses-Claimed-ITAT-TAXSCAN.jpg "No Penalty u/s 271(1)(c) of Income Tax Act can be Imposed when Assessee Sufficiently Proved the Bonafides of Losses Claimed: ITAT [Read Order]")
Section 56(2)(vii)(3) of Income Tax Act Not Applicable for Bonus Shares: ITAT quashes Appeal [Read Order]
The New Delhi bench of ITAT quashed the appeal by Deputy Commissioner of Income Tax (DCIT), (the appellant) for levying Income tax from Aruna Chandhok, (the respondent) for the bonus shares she...
![Section 56(2)(vii)(3) of Income Tax Act Not Applicable for Bonus Shares: ITAT quashes Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Act-Applicable-Bonus-Shares-ITAT-Appeal-TAXSCAN-1.webp "Section 56(2)(vii)(3) of Income Tax Act Not Applicable for Bonus Shares: ITAT quashes Appeal [Read Order]")