![Business Loss Claim by Punjab National Bank on Held-To-Maturity Securities u/s 45(2) of Income Tax Act: Delhi HC Remands Case to AO for Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Income-Tax-Delhi-High-Court-Income-Tax-Act-Punjab-National-Bank-TAXSCAN.jpg "Business Loss Claim by Punjab National Bank on Held-To-Maturity Securities u/s 45(2) of Income Tax Act: Delhi HC Remands Case to AO for Reassessment [Read Order]")
Business Loss Claim by Punjab National Bank on Held-To-Maturity Securities u/s 45(2) of Income Tax Act: Delhi HC Remands Case to AO for Reassessment [Read Order]
The Delhi High Court, in a recent decision, remanded a case to the Assessing Officer ( AO ) for a fresh assessment of a case relating to...
![Delhi HC sets aside TPO’s Order on FABINDIA Trademark Depreciation, Directs AO to Reassess Depreciation Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Delhi-HC-TPOs-Order-Trademark-Depreciation-Depreciation-Claim-Directs-AO-to-Reassess-FABINDIA-trademark-for-Assessment-Year-taxscan-1.jpg "Delhi HC sets aside TPO’s Order on FABINDIA Trademark Depreciation, Directs AO to Reassess Depreciation Claim [Read Order]")
![Trаnsаctiоns with Nоn-Еxistent Suppliers: Delhi HС upholds Reаssessment u/s 148 оf IТ Aсt [Read Order]](https://images.taxscan.in/h-upload/2025/06/03/250x150_2041085-delhi-h-trnsctins-with-nn-xistent-suppliers-nn-xistent-suppliers-delhi-igh-curt-ressessment-taxscan.webp "Trаnsаctiоns with Nоn-Еxistent Suppliers: Delhi HС upholds Reаssessment u/s 148 оf IТ Aсt [Read Order]")
Rule 8D Applicable only if Taxpayer's Calculation of Expenses for Exempt Income Found Inadequate: Delhi HC [Read Order]
In the recent ruling, the High Court of Delhi, held that Rule 8D can only be applied if the taxpayer's calculation of expenses for earning exempt income is found to be inadequate. The...
Non-Issuance of Income Tax Notice u/s 143(2) cannot be Cured u/s 292BB: Delhi HC dismisses Revenue's appeal [Read Order]
In a recent ruling, the Delhi High Court dismissed the Revenue's appeal ruling that non-issuance of notice under Section 143(2) is a fatal procedural lapse that cannot be validated under Section...
![Non-Issuance of Income Tax Notice u/s 143(2) cannot be Cured u/s 292BB: Delhi HC dismisses Revenues appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Delhi-High-Court-Income-Tax-Income-Tax-Notice-Section-1432-of-Income-Tax-Act-taxscan.jpeg "Non-Issuance of Income Tax Notice u/s 143(2) cannot be Cured u/s 292BB: Delhi HC dismisses Revenues appeal [Read Order]")
Delhi HC Upholds ITAT Decision on Non-Deductibility of TDS for fees paid to Overseas Associated Enterprise under India-US DTAA [Read Order]
The Delhi High Court upheld the ruling of the Income Tax Appellate Tribunal ( ITAT ) on the non-deductibility of TDS for fees paid to overseas associated enterprises under the India-US Double Tax...
![Delhi HC Upholds ITAT Decision on Non-Deductibility of TDS for fees paid to Overseas Associated Enterprise under India-US DTAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Delhi-High-Court-TDS-India-US-DTAA-taxscan.jpg "Delhi HC Upholds ITAT Decision on Non-Deductibility of TDS for fees paid to Overseas Associated Enterprise under India-US DTAA [Read Order]")
Reassessment Valid Despite Jurisdictional Challenge: Delhi HC Restores ITAT Proceedings [Read Order]
In a recent ruling, the Delhi High Court held that the reassessment of income under Section 147 of the Income Tax Act, 1961, was valid despite challenges to jurisdiction and restored the case to ITAT...
![Reassessment Valid Despite Jurisdictional Challenge: Delhi HC Restores ITAT Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Delhi-HC-Delhi-High-Court-ITAT-ITAT-Proceedings-Reassessment-urisdictional-Challenge-taxscan.jpg "Reassessment Valid Despite Jurisdictional Challenge: Delhi HC Restores ITAT Proceedings [Read Order]")
Use of Two Flats in Different Floors as Unified Residence Impractical: Delhi HC upholds Disallowance of S. 54 Capital Gains Exemption [Read Order]
In a significant judgment, the Delhi High Court upheld the disallowance of a full exemption claim under Section 54 of the Income Tax Act for capital gains used to purchase multiple flats. The...
