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![TDS filing Delayed due to Paucity of Funds and Interest Duly Paid: ITAT deletes Penalty u/s 272(2)(k) [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Delhi-Income-Tax-TDS-TDS-filing-taxscan.jpg "TDS filing Delayed due to Paucity of Funds and Interest Duly Paid: ITAT deletes Penalty u/s 272(2)(k) [Read Order]")
TDS filing Delayed due to Paucity of Funds and Interest Duly Paid: ITAT deletes Penalty u/s 272(2)(k) [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the penalty under section 272(2)(k) of the Income Tax Act, 1961 as Tax...
![TDS interest paid on Account of Expenses on repair and maintenance of Aircrafts not allowable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/TDS-interest-paid-account-of-expenses-repair-and-Maintenance-of-Aircrafts-ITAT-TAXSCAN.jpg "TDS interest paid on Account of Expenses on repair and maintenance of Aircrafts not allowable: ITAT [Read Order]")
![Gross Receipts of Charitable Trust Exceeding Threshold Mentioned u/s 2(15) of Income Tax Act Not a Ground for Registration Cancellation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Gross-Receipts-of-Charitable-Trust-Mentioned-us-215-of-Income-Tax-Act-Registration-Cancellation-ITAT-TAXSCAN.jpg "Gross Receipts of Charitable Trust Exceeding Threshold Mentioned u/s 2(15) of Income Tax Act Not a Ground for Registration Cancellation: ITAT [Read Order]")
![Share Capital from Directors and Shareholders of Company duly discharged with Evidence: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Share-Capital-Directors-Shareholders-Directors-and-Shareholders-of-Company-ITAT-taxscan.jpg "Share Capital from Directors and Shareholders of Company duly discharged with Evidence: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]")
![Voluntary Disallowance of Expense u/s 40 (a) (ia) not a base to treat Taxpayer as Assessee in Default: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Delhi-Disallowance-of-Expense-Voluntary-Disallowance-of-Expense-TAXSCAN.jpg "Voluntary Disallowance of Expense u/s 40 (a) (ia) not a base to treat Taxpayer as Assessee in Default: ITAT [Read Order]")
![Punitive damages not allowable as Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Punitive-damages-Expenditure-ITAT-Punitive-damages-not-allowable-as-Expenditure-taxscan-1.jpg "Punitive damages not allowable as Expenditure: ITAT [Read Order]")
![TDS u/S 194 C of Income tax act is applicable on CAM charges: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ITAT-Delhi-Income-tax-TDS-Common-area-maintenance-charges-Income-tax-act-is-applicable-on-CAM-charges-ITAT-ruling-on-TDS-TAXSCAN-1.jpg "TDS u/S 194 C of Income tax act is applicable on CAM charges: ITAT [Read Order]")
![ITAT Annual Digest [Part 69]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-annual-digest-taxscan-taxnews-.jpg "ITAT Annual Digest [Part 69]")
Charitable Institution’s Gross Receipts Surpass Threshold Prescribed u/s 2(15) of Income Tax Act; No Registration Cancellation Required: ITAT [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) has ruled that even if the gross receipts of the assessee exceeds the threshold limit prescribed in the proviso under Section 2(15) of the...
![Charitable Institution’s Gross Receipts Surpass Threshold Prescribed u/s 2(15) of Income Tax Act; No Registration Cancellation Required: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Charitable-institution-Tax-implications-for-charitable-organizations-Tax-treatment-of-charitable-institutions-Exemption-criteria-for-charitable-entities-Taxscan.jpg "Charitable Institution’s Gross Receipts Surpass Threshold Prescribed u/s 2(15) of Income Tax Act; No Registration Cancellation Required: ITAT [Read Order]")
ITAT deletes disallowance of Long Term Capital Loss incurred on Sale of Share of private company to initial promoters [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has annulled the disallowance of a long-term capital loss arising from the sale of shares of a private company to its initial promoters. In...
![ITAT deletes disallowance of Long Term Capital Loss incurred on Sale of Share of private company to initial promoters [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-disallowance-Long-Term-Capital-Sale-of-Share-Capital-Loss-ITAT-Delhi-taxscan.jpg "ITAT deletes disallowance of Long Term Capital Loss incurred on Sale of Share of private company to initial promoters [Read Order]")
Deduction u/s 80IA shall be allowed as Air Cargo Handling Services fall within Scope of Infrastructure facility: ITAT grants relief to Air India Airport Services [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) granted relief to Air India Airport Services and held that deduction under Section 80IA of the Income Tax Act, 1961 shall be allowed as air...
![Deduction u/s 80IA shall be allowed as Air Cargo Handling Services fall within Scope of Infrastructure facility: ITAT grants relief to Air India Airport Services [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Air-India-Airport-Services-Air-Cargo-Handling-Services-ITAT-grants-relief-taxscan.jpg "Deduction u/s 80IA shall be allowed as Air Cargo Handling Services fall within Scope of Infrastructure facility: ITAT grants relief to Air India Airport Services [Read Order]")