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N.K.Billaiya

Capital Asset of Company Transferred as LLP not amounts to Transfer, Addition on Non-Compliance of S. 47(xiiib) not sustainable: ITAT [Read Order]

Taxscan Team

The Income Tax Appellate Tribunal (ITAT) New Delhi has held that the capital asset of a company transferred as a Limited Liability Partnership (LLP)...

Setback to NDTV: ITAT dismisses Deduction Claim towards Business Expenditure [Read Order]

Original Cost and Period of Acquisition of Property by previous owner is relevant for Claim of...

Liabilities payable to Central or State Govt in any period prior to Acquisition will be Written Off...

Conversion of Stock in Trade based on Development Agreement without consideration not accrues...

Assessee failed to provide Call Log Details to prove Telephone Expenses: ITAT upholds Disallowance [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi bench has upheld an order disallowing telephone expenses claimed as business expenditure by on the ground that the assessee failed to provide call log...

Income from Online Database of Text Journals and Books not 'Royalty' as per Indo-US DTAA: ITAT [Read Order]

The Delhi bench has held that the income from an online database of text journals and books would not constitute royalty income under the provisions of the Double Taxation Avoidance Agreement (DTAA)...

Order passed without disposing objections makes Income Tax Assessment Void: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the Order passed without disposing objections makes assessment void. A Notice under Section 148 of the Income Tax Act, 1961 was...

Income Tax - disposing objections - assessment void - ITAT - Taxscan

Order passed without disposing objections makes Assessment void: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the Order passed without disposing objections makes assessment void. A Notice under Section 148 of the Income Tax Act, 1961 was...

ITAT deletes disallowance made on account of CSR and SD expenses [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench deleted the disallowance made on account of Corporate Social Responsibility (CSR) and and SD expenses. The assessee has raised the issue...

Penalty proceedings u/s 271(1)(c) not sustainable if reason not specified: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that the penalty proceedings under section 271(1)(c) are not sustainable if the reason is not specified. The assessee, HN Reacon is...

Revisional Jurisdiction can't be invoked when Re-Assessment is Illegal: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the revisional jurisdiction can not be invoked when re-assessment is illegal. The return of income, in this case, was originally...

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