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
Mere adoption of information from Officer of investigation wing of Income Tax Dept cannot be characterized as bonafide belief of AO in absence of cogent material: ITAT quashes order of CIT(A)
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) he that alleged information from other officer of the dept. has to be reckoned as...
![AO cannot step in the shoes of businessman to decide curtailing of excessive expenditure unless brought evidence of fraud: ITAT deletes addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/shoes-of-businessman-curtailing-of-excessive-expenditure-evidence-of-fraud-ITAT-deletes-addition-taxscan-.jpg "AO cannot step in the shoes of businessman to decide curtailing of excessive expenditure unless brought evidence of fraud: ITAT deletes addition [Read Order]")
![Deletion of Income Tax Addition on successful Demonstration of Source of Cash Deposits to bank during Demonitization: ITAT dismisses Revenue Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Deletion-of-Income-Tax-Addition-on-successful-Demonstration-of-Source-of-Cash-Deposits-to-bank-during-Demonitization-ITAT-dismisses-Revenue-Appeal-TAXSCAN.jpg "Deletion of Income Tax Addition on successful Demonstration of Source of Cash Deposits to bank during Demonitization: ITAT dismisses Revenue Appeal [Read Order]")
![No Penalty u/s 271(1)(c) Income Tax Act shall levied if Bonafide Assessee revised and added Interest Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Penalty-Income-Tax-Act-levied-bonafide-assessee-Interest-Income-ITAT-TAXSCAN.jpg "No Penalty u/s 271(1)(c) Income Tax Act shall levied if Bonafide Assessee revised and added Interest Income: ITAT [Read Order]")
Incurring expenditure for the purpose of expansion of business is allowable u/s 271(C) of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that NBFC being financial company tried to enter in to banking business and for this purpose the assessee incurred expenditure on...
![Incurring expenditure for the purpose of expansion of business is allowable u/s 271(C) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Incurring-expenditure-expansion-of-business-Income-Tax-Act-ITAT.jpg "Incurring expenditure for the purpose of expansion of business is allowable u/s 271(C) of Income Tax Act: ITAT [Read Order]")
Unadjusted CENVAT Credit left on Closure of Manufacturing Unit which can't be used further shall be allowable as Business Expenditure u/s 37(1): ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the unadjusted CENVAT credit left on the closure of the manufacturing unit which cannot be used further shall be allowable as...
![Unadjusted CENVAT Credit left on Closure of Manufacturing Unit which cant be used further shall be allowable as Business Expenditure u/s 37(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/CENVAT-Credit-Manufacturing-Unit-Business-Expenditure-ITAT-taxscan.jpg "Unadjusted CENVAT Credit left on Closure of Manufacturing Unit which cant be used further shall be allowable as Business Expenditure u/s 37(1): ITAT [Read Order]")
No Addition u/s 41(1) of the Income Tax Act as assessee acknowledged liability and reflected the same in its books of account: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that Addition under Section 41(1) of the Income Tax Act, 1961 should not be invoked since the assessee had acknowledged liability and...
![No Addition u/s 41(1) of the Income Tax Act as assessee acknowledged liability and reflected the same in its books of account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-Addition-Addition-Income-Tax-Act-Income-Tax-Act-as-assessee-acknowledged-liability-and-reflected-the-same-in-its-books-of-account-assessee-books-of-account-ITAT-income-tax-taxscan.jpg "No Addition u/s 41(1) of the Income Tax Act as assessee acknowledged liability and reflected the same in its books of account: ITAT [Read Order]")
No Deletion of Income Tax Addition Merely on Technical Ground of Wrong Mentioning of Provision by AO: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the additions cannot be deleted merely on technical ground that the Assessing Officer (AO) mentioned Section 68 instead of Section 69...
![No Deletion of Income Tax Addition Merely on Technical Ground of Wrong Mentioning of Provision by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Deletion-No-Deletion-No-Deletion-of-Income-Tax-Addition-ITAT-taxscan.jpg "No Deletion of Income Tax Addition Merely on Technical Ground of Wrong Mentioning of Provision by AO: ITAT [Read Order]")
ITAT quashes Reassessment Order passed without fulfillment of criteria u/s 151 of Income Tax Act [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench quashed reassessment order passed under Section 148 of the Income Tax Act, 1961 without fulfilled the criteria mentioned under Section 151 of the...
![ITAT quashes Reassessment Order passed without fulfillment of criteria u/s 151 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-Reassessment-Order-ITAT-quashes-Reassessment-Order-fulfillment-of-criteria-Income-Tax-Act-Income-Tax-taxscan.jpg "ITAT quashes Reassessment Order passed without fulfillment of criteria u/s 151 of Income Tax Act [Read Order]")
Addition made by AO u/s 68 Not sustainable when Assessee has proved identity, Creditworthiness, and Genuineness of Share Capital transactions: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the additions made by the Assessing Officer under Section 68 of the Income Tax Act, 1961 are not sustainable when the assessee...
![Addition made by AO u/s 68 Not sustainable when Assessee has proved identity, Creditworthiness, and Genuineness of Share Capital transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-ITAT-AO-Assessee-sustainable-when-Assessee-has-proved-identity-taxscan.jpg "Addition made by AO u/s 68 Not sustainable when Assessee has proved identity, Creditworthiness, and Genuineness of Share Capital transactions: ITAT [Read Order]")
Addition u/s 69A can't be made on basis of Unsigned and Unexecuted Draft of Agreement to Sale found in Soft Copy from Third Party Premises: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the addition under Section 69A of the Income Tax Act, 1961 cannot be made on the basis of an unsigned and unexecuted draft of an...
![Addition u/s 69A cant be made on basis of Unsigned and Unexecuted Draft of Agreement to Sale found in Soft Copy from Third Party Premises: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Addition-Unsigned-Unexecuted-Draft-Agreement-Sale-found-Soft-Copy-Third-Party-Premises-ITAT-TAXSCAN.jpg "Addition u/s 69A cant be made on basis of Unsigned and Unexecuted Draft of Agreement to Sale found in Soft Copy from Third Party Premises: ITAT [Read Order]")