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
![Disallowance of Contingent Liability shall not be Entertained as it does not form part of P&L Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Disallowance-Contingent-Liability-Entertained-as-P-L-Account-ITAT-TAXSCAN.jpg "Disallowance of Contingent Liability shall not be Entertained as it does not form part of P&L Account: ITAT [Read Order]")
Disallowance of Contingent Liability shall not be Entertained as it does not form part of P&L Account: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the disallowances of contingent liability shall not be entertained as it does...
![Expenditure Incurred to Avoid Adverse Effects on Reputation and Cost of Litigation is a Valid Business Exigency Deductible u/s 37 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Expenditure-Incurred-Reputation-and-Cost-of-Litigation-Cost-of-Litigation-Income-Tax-Act-Income-Tax-ITAT-Taxscan.jpg "Expenditure Incurred to Avoid Adverse Effects on Reputation and Cost of Litigation is a Valid Business Exigency Deductible u/s 37 of Income Tax Act: ITAT [Read Order]")
![Revenue Cannot Adjust Withheld Tax not Deposited by Employer in Central Govt account, against Refund Due and Payable to Employee u/s 205 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Revenue-Adjust-Withheld-Tax-Deposited-by-Employer-in-Central-Govt-account-Refund-Employee-Income-Tax-Act-ITAT-TAXSCAN.jpg "Revenue Cannot Adjust Withheld Tax not Deposited by Employer in Central Govt account, against Refund Due and Payable to Employee u/s 205 of Income Tax Act: ITAT [Read Order]")
![Payment made to YES Bank for Corporate Guarantee of Joint Venture Company is Business Expenditure: ITAT allows Deduction u/s 37 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Payment-YES-bank-Payment-made-to-YES-bank-for-corporate-guarantee-corporate-guarantee-joint-venture-company-ITAT-taxscan.jpg "Payment made to YES Bank for Corporate Guarantee of Joint Venture Company is Business Expenditure: ITAT allows Deduction u/s 37 of Income Tax Act [Read Order]")
![Withdrawal of Amount from Bank Account for Purchase of Property and Redeposit of same Bank as Purchase Deal not Fructified: ITAT deletes addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Withdrawal-Amount-Bank-Account-Withdrawal-of-Amount-from-Bank-Account-for-Purchase-of-Property-taxscan.jpg "Withdrawal of Amount from Bank Account for Purchase of Property and Redeposit of same Bank as Purchase Deal not Fructified: ITAT deletes addition u/s 68 [Read Order]")
Failure to Discharge onus to Prove Genuineness of cash credited by cheques in various Bank Accounts: ITAT Restores matter to file of AO [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that assessee was failed to discharge the onus to prove genuineness of cash credited by cheques in various bank accounts. Assessee Ashok...
![Failure to Discharge onus to Prove Genuineness of cash credited by cheques in various Bank Accounts: ITAT Restores matter to file of AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Failure-Discharge-Prove-Genuineness-cash-credited-cheques-Bank-Accounts-ITAT-AO-TAXSCAN.jpg "Failure to Discharge onus to Prove Genuineness of cash credited by cheques in various Bank Accounts: ITAT Restores matter to file of AO [Read Order]")
No Addition u/s 68 of Income Tax Act shall be made if Amount does not appear in Books of Account: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that no additions under Section 68 of the Income Tax Act, 1961 shall be imposed if the amount doesn’t appear in the book of account. ...
![No Addition u/s 68 of Income Tax Act shall be made if Amount does not appear in Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Act-Amount-Books-Account-ITAT-TAXSCAN.jpg "No Addition u/s 68 of Income Tax Act shall be made if Amount does not appear in Books of Account: ITAT [Read Order]")
No addition can be made u/s 68 of Income Tax Act in hands of assessee Firm on account of Capital introduced by Partners: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that no addition could be made under Section 68 of Income Tax Act, 1961 in hands of the assessee firm on account of the capital introduced by...
![No addition can be made u/s 68 of Income Tax Act in hands of assessee Firm on account of Capital introduced by Partners: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-addition-addition-Income-Tax-Act-assessee-Firm-account-of-Capital-ITAT-taxscan.jpg "No addition can be made u/s 68 of Income Tax Act in hands of assessee Firm on account of Capital introduced by Partners: ITAT [Read Order]")
Tax Calculation Error in Form No 5 issued by PCIT cannot be Rectified by AO invoking Provision of Section 154 of Income Tax Act: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the tax calculation error in Form No 5 issued by Principal Commissioners of Income Tax (PCIT) cannot be rectified by the...
![Tax Calculation Error in Form No 5 issued by PCIT cannot be Rectified by AO invoking Provision of Section 154 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Tax-Calculation-PCIT-AO-invoking-Provision-Income-Tax-Act-ITAT-TAXSCAN.jpeg "Tax Calculation Error in Form No 5 issued by PCIT cannot be Rectified by AO invoking Provision of Section 154 of Income Tax Act: ITAT [Read Order]")
Depreciation on Solar Power Plant shall be allowed if Electricity is Generated for captive use of Factory: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the depreciation on Solar Power Plants shall be allowed if electricity is generated for the captive use of the factory. The...
![Depreciation on Solar Power Plant shall be allowed if Electricity is Generated for captive use of Factory: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Depreciation-Solar-Power-Plant-Depreciation-on-Solar-Power-Depreciation-on-Solar-Power-Plant-shall-be-allowed-if-Electricity-is-Generated-for-captive-use-of-Factory-ITAT-taxscan.jpg "Depreciation on Solar Power Plant shall be allowed if Electricity is Generated for captive use of Factory: ITAT [Read Order]")
Penalty u/s 271A(1)(d) of Income Tax Act shall not be Levied, if Assessee Shows Reasonable Cause for Non compliance of Statutory Notices: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that the penalty under Section 271A(1)(d) of Income Tax Act, 1961 should not be levied if the assessee shows the reasonable cause for...
![Penalty u/s 271A(1)(d) of Income Tax Act shall not be Levied, if Assessee Shows Reasonable Cause for Non compliance of Statutory Notices: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Penalty-Income-Tax-Act-non-compliance-of-statutory-notices-ITAT-Income-Tax-taxscan.jpg "Penalty u/s 271A(1)(d) of Income Tax Act shall not be Levied, if Assessee Shows Reasonable Cause for Non compliance of Statutory Notices: ITAT [Read Order]")
Assessment Order for Addition on account of unexplained money u/s 69A of Income Tax Act not followed by mandate DIN is invalid: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT), held that assessment order for addition under Section 69A of Income Tax Act,1961 as unexplained income, not followed by mandate document...
![Assessment Order for Addition on account of unexplained money u/s 69A of Income Tax Act not followed by mandate DIN is invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Assessment-Order-account-unexplained-money-Income-Tax-Act-mandate-DIN-ITAT-TAXSCAN.jpeg "Assessment Order for Addition on account of unexplained money u/s 69A of Income Tax Act not followed by mandate DIN is invalid: ITAT [Read Order]")