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
![Fringe Benefits Tax is Allowable as Deduction in Computing Book Profit as per Section 115JB of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Fringe-Benefits-Tax-Allowable-Deduction-Computing-Book-Profit-Income-Tax-Act-ITAT-TAXSCAN.jpg "Fringe Benefits Tax is Allowable as Deduction in Computing Book Profit as per Section 115JB of Income Tax Act: ITAT [Read Order]")
Fringe Benefits Tax is Allowable as Deduction in Computing Book Profit as per Section 115JB of Income Tax Act: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that according to CBDT vide Circular No. 8/2005, the fringe benefit tax is an allowable...
![Rejection of Books of Account by AO on Grounds of Defect and Discrepancies: ITAT Upholds the Decision of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Rejection-Books-of-Account-Rejection-of-Books-of-Account-Rejection-of-Books-of-Account-by-AO-AO-CITA-ITAT-taxscan.jpg "Rejection of Books of Account by AO on Grounds of Defect and Discrepancies: ITAT Upholds the Decision of CIT(A) [Read Order]")
![Expenses for Business Maintenance Not Allowable u/s 24 of Income Tax Act: ITAT declares Disallowance made u/s 37 Arbitrary [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Expenses-for-Business-Maintenance-Not-Allowable-Income-Tax-Act-ITAT-declares-Disallowance-Arbitrary-TAXSCAN.jpg "Expenses for Business Maintenance Not Allowable u/s 24 of Income Tax Act: ITAT declares Disallowance made u/s 37 Arbitrary [Read Order]")
![Date of Dispatch of Assessment order Beyond the Limitation Period Prescribed u/s 153(1) of Income Tax Act: ITAT Quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Date-of-Dispatch-of-Assessment-order-Beyond-the-Limitation-Period-Prescribed-Income-Tax-Ac-ITAT-Quashes-Assessment-Order-TAXSCAN.jpg "Date of Dispatch of Assessment order Beyond the Limitation Period Prescribed u/s 153(1) of Income Tax Act: ITAT Quashes Assessment Order [Read Order]")
![ITAT Dismisses Appeal by Income Tax Department as NCLT Admitted Application filed by Assessee u/s 14 of IBC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-ITAT-Dismisses-Appeal-by-Income-Tax-Department-Income-Tax-Department-NCLT-IBC-taxscan.jpg "ITAT Dismisses Appeal by Income Tax Department as NCLT Admitted Application filed by Assessee u/s 14 of IBC [Read Order]")
Failure to Distinct between Electric Fitting Installed in Factory and Office Premises: ITAT Allows Higher Depreciation to Office Electric Fittings [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has allowed higher depreciation to office electronic fittings on failure to distinguish between the electric fitting installed in factory and...
![Failure to Distinct between Electric Fitting Installed in Factory and Office Premises: ITAT Allows Higher Depreciation to Office Electric Fittings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Failure-Failure-to-Distinct-between-Electric-Fitting-Installed-in-Factory-and-Office-Premises-Electric-Fitting-Installed-in-Factory-Office-Premises-ITAT-taxscan.jpg "Failure to Distinct between Electric Fitting Installed in Factory and Office Premises: ITAT Allows Higher Depreciation to Office Electric Fittings [Read Order]")
Mere Wrong Claim by itself not Ipso Facto invite Penalty u/s 271(1)(c) of Income Tax Act if Bona Fides of Assessee’s Actions are Beyond Reasonable Doubt: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that mere wrong claim by itself would not ipso facto invite the imposition of penalty under Section 271(1)(c) of the Income Tax Act...
![Mere Wrong Claim by itself not Ipso Facto invite Penalty u/s 271(1)(c) of Income Tax Act if Bona Fides of Assessee’s Actions are Beyond Reasonable Doubt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Ipso-Facto-Penalty-Income-Tax-Act-Bona-Fides-of-Assessees-Actions-ITAT-taxscan.jpg "Mere Wrong Claim by itself not Ipso Facto invite Penalty u/s 271(1)(c) of Income Tax Act if Bona Fides of Assessee’s Actions are Beyond Reasonable Doubt: ITAT [Read Order]")
No Income Tax Addition can be made u/s 68 of Income Tax Act if AO Assessed the Agricultural Income Excluding Leased Land, and not in Accordance with Previous AY: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT), held that no income tax addition can be made under section 68 of Income Tax Act if Assessing Officer (AO) excluded leased land while assessing...
![No Income Tax Addition can be made u/s 68 of Income Tax Act if AO Assessed the Agricultural Income Excluding Leased Land, and not in Accordance with Previous AY: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Income-Tax-Addition-Income-Tax-Act-AO-Assessed-Agricultural-Income-Land-Accordance-AY-ITAT-TAXSCAN.jpg "No Income Tax Addition can be made u/s 68 of Income Tax Act if AO Assessed the Agricultural Income Excluding Leased Land, and not in Accordance with Previous AY: 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.webp "Section 56(2)(vii)(3) of Income Tax Act Not Applicable for Bonus Shares: ITAT quashes Appeal [Read Order]")
If Sales are not Disputed then Cash Deposited out of Sales cannot be Treated as Unexplained Income u/s 68 of Income Tax Act: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT), held that the cash deposited out of sales cannot be treated as unexplained income under Section 68 of the Income Tax Act once the sales are...
![If Sales are not Disputed then Cash Deposited out of Sales cannot be Treated as Unexplained Income u/s 68 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Sales-Disputed-If-Sales-are-not-Disputed-then-Cash-Deposited-out-of-Sales-cannot-be-Treated-as-Unexplained-Income-ITAT-taxscan.jpg "If Sales are not Disputed then Cash Deposited out of Sales cannot be Treated as Unexplained Income u/s 68 of Income Tax Act: ITAT [Read Order]")
ITAT directs Recomputation of Gain on grounds of AO failing to Treat surplus Amount as Short Term Capital Gain without giving benefit of Indexation [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) he that AO cannot treat surplus as capital gain without giving benefit of indexation. The assessee is a non-resident Indian filed his...
![ITAT directs Recomputation of Gain on grounds of AO failing to Treat surplus Amount as Short Term Capital Gain without giving benefit of Indexation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-directs-recomputation-of-gain-AO-failing-to-treat-surplus-amount-as-short-term-capital-gain-benefit-of-indexation-short-term-capital-gain-taxscan.jpg "ITAT directs Recomputation of Gain on grounds of AO failing to Treat surplus Amount as Short Term Capital Gain without giving benefit of Indexation [Read Order]")
No Income Tax Addition can be made if Assessee Successfully Demonstrated Source of Cash Deposits in Bank Account during Demonitization Period: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT), held that the assessee has successfully demonstrated source of cash deposit to its bank account during demonetization period thus no income...
![No Income Tax Addition can be made if Assessee Successfully Demonstrated Source of Cash Deposits in Bank Account during Demonitization Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-Tax-Addition-Assessee-Demonstrated-Source-of-Cash-Deposits-Cash-Deposits-Demonstrated-Source-Bank-Account-Demonitization-Period-ITAT-taxscan.jpg "No Income Tax Addition can be made if Assessee Successfully Demonstrated Source of Cash Deposits in Bank Account during Demonitization Period: ITAT [Read Order]")