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
![Assessee Discharged Burden u/s 68 and Furnished Written Submission to AO: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Assessee-Discharged-Burden-Furnished-Written-Submission-to-AO-ITAT-deletes-Addition-TAXSCAN.jpg "Assessee Discharged Burden u/s 68 and Furnished Written Submission to AO: ITAT deletes Addition [Read Order]")
Assessee Discharged Burden u/s 68 and Furnished Written Submission to AO: ITAT deletes Addition [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the assessee had discharged its burden as per Section 68 of the Act, by filing...
![Transaction of shares not being in penny stocks cant be covered by CBDT Circular: ITAT upholds order of DCIT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Transaction-of-shares-not-being-in-penny-stocks-covered-by-CBDT-Circular-ITAT-upholds-order-of-DCIT-TAXSCAN.jpg "Transaction of shares not being in penny stocks cant be covered by CBDT Circular: ITAT upholds order of DCIT [Read Order]")
![Failure to Substantiate Source of Claim of Investment for claiming S.54F Deduction: ITAT upholds Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-to-Substantiate-Claim-of-Investment-Deduction-ITAT-upholds-Income-Tax-Addition-Income-Tax-Addition-ITAT-Investment-taxscan.jpg "Failure to Substantiate Source of Claim of Investment for claiming S.54F Deduction: ITAT upholds Income Tax Addition [Read Order]")
![Addition u/s 68 unjustified for the credit worthiness of a person having sufficient funds to lend money to others cannot be doubted: ITAT upholds order of CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Addition-unjustified-for-the-credit-worthiness-of-a-person-having-sufficient-funds-to-lend-money-doubted-ITAT-upholds-order-of-CITA-TAXSCAN.jpg "Addition u/s 68 unjustified for the credit worthiness of a person having sufficient funds to lend money to others cannot be doubted: ITAT upholds order of CIT(A) [Read Order]")
![Section 56(2)(vii)(b) of Income Tax Act Applies to Individual and HUF and not Company: ITAT quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Income-Tax-Act-Individual-HUF-not-Company-ITAT-quashes-Revision-Order-taxscan.jpg "Section 56(2)(vii)(b) of Income Tax Act Applies to Individual and HUF and not Company: ITAT quashes Revision Order [Read Order]")
Disallowance of Interest u/s 36(1)(iii) Not attributable to Borrowed Amount utilized for Purchase of Immovable Property: ITAT restored issue to file of AO [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the disallowance of interest under Section 36(1)(iii) is not attributable to the borrowed amount utilized for the purchase of...
![Disallowance of Interest u/s 36(1)(iii) Not attributable to Borrowed Amount utilized for Purchase of Immovable Property: ITAT restored issue to file of AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Disallowance-Interest-attributable-Borrowed-Amount-utilized-Purchase-Immovable-Property-ITAT-AO-TAXSCAN.jpg "Disallowance of Interest u/s 36(1)(iii) Not attributable to Borrowed Amount utilized for Purchase of Immovable Property: ITAT restored issue to file of AO [Read Order]")
Consideration paid by Assessee outside India for Candidate's Report don't fall within purview of Royalty under Article 13 of India-UK DTAA: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the consideration paid by the assessee outside India for the candidate’s report does not fall within the purview of royalty under...
![Consideration paid by Assessee outside India for Candidates Report dont fall within purview of Royalty under Article 13 of India-UK DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Consideration-paid-by-Assessee-outside-India-for-Candidates-Report-purview-of-Royalty-India-UK-DTAA-ITAT-TAXSCAN.jpg "Consideration paid by Assessee outside India for Candidates Report dont fall within purview of Royalty under Article 13 of India-UK DTAA: ITAT [Read Order]")
AO cannot Reject Valuation of Share Merely Based on Absence of DCF Method in rule 11UA at the time of Issuance of Shares: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that the Assessing Officer (AO) could not reject the valuation report of share merely based on the absence of DCF method in rule 11UA...
![AO cannot Reject Valuation of Share Merely Based on Absence of DCF Method in rule 11UA at the time of Issuance of Shares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/AO-cannot-Reject-Valuation-of-Share-Merely-Based-on-Absence-of-DCF-Method-time-of-Issuance-of-Shares-ITAT-TAXSCAN.jpg "AO cannot Reject Valuation of Share Merely Based on Absence of DCF Method in rule 11UA at the time of Issuance of Shares: ITAT [Read Order]")
![ITAT Deletes Addition u/s 69C of Income Tax Act made Solely on Basis of WhatsApp chat [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-Addition-Income-Tax-Act-WhatsApp-chat-Income-Tax-taxscan.jpeg "ITAT Deletes Addition u/s 69C of Income Tax Act made Solely on Basis of WhatsApp chat [Read Order]")
Relief to Jaypee Cement: ITAT deletes Penalty of Rs.132 Cr. imposed for Misreported Income due to mistake of Tax Auditor [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench deleted the penalty of Rupees 132 crore imposed on Jaypee Cement for misreporting of income by the tax auditor in the tax return. Assessee...
![Relief to Jaypee Cement: ITAT deletes Penalty of Rs.132 Cr. imposed for Misreported Income due to mistake of Tax Auditor [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Relief-to-Jaypee-Cement-ITAT-deletes-Penalty-imposed-for-Misreported-Income-due-to-mistake-of-Tax-Auditor-TAXSCAN.jpg "Relief to Jaypee Cement: ITAT deletes Penalty of Rs.132 Cr. imposed for Misreported Income due to mistake of Tax Auditor [Read Order]")
No real Rental Income received from litigation filed for recovery of arrears of Rent: ITAT deletes addition made on account notional Rental Income [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench while deleting the addition made on account of notional Rental Income, observed that no real rental income received from litigation filed for...
![No real Rental Income received from litigation filed for recovery of arrears of Rent: ITAT deletes addition made on account notional Rental Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/real-Rental-Income-received-from-litigation-filed-Income-received-from-litigation-filed-real-Rental-Income-recovery-of-arrears-of-Rent-ITAT-deletes-addition-notional-Rental-Income-taxscan.jpg "No real Rental Income received from litigation filed for recovery of arrears of Rent: ITAT deletes addition made on account notional Rental Income [Read Order]")
Relief to Jaquar: ITAT Restores Matter to AO for Examination of Quantum and Fulfillment of Stipulated Conditions u/s 80 JJAA of Income Tax Act for Claim of Deduction [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that deduction under Section 80JJAA of the Income Tax Act requires examination of quantum as well as fulfillment of various condition as...
![Relief to Jaquar: ITAT Restores Matter to AO for Examination of Quantum and Fulfillment of Stipulated Conditions u/s 80 JJAA of Income Tax Act for Claim of Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/No-effective-Representation-Authorities-No-effective-Representation-before-lower-Authorities-ITAT-taxscan-1.jpg "Relief to Jaquar: ITAT Restores Matter to AO for Examination of Quantum and Fulfillment of Stipulated Conditions u/s 80 JJAA of Income Tax Act for Claim of Deduction [Read Order]")