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Saktijit Dey

Unexplained Stock and Sales Suppression Additions: ITAT Upholds CIT(A)’s Order Citing Single CCTV Footage and Lack of Corroborative Evidence [Read Order]

Franklin Joshva

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [CIT(A)] order and ruled that the...

CIT(E) Rejects 12A Registration: ITAT Remands Matter, Directs Applicant to Submit Documents [Read...

PCIT revises AO's order citing trade receivable transfer during amalgamation: ITAT rules PCIT...

Marketing Expenses are Revenue Expenditure u/s 37 of Income Tax Act: ITAT deletes ₹2.16 Cr...

Relief for Air India: ITAT directs Use of Average Value u/r 8D for Accurate Investment Calculation,...

ITAT Dissects 'Gupt Daan' Mystery: Unraveling unexplained Cash in Religious Trust Lockers [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) dissected a ‘Gupt Daan’,a secret gift regarding unexplained cash in a Religious Trust locker. A detailed examination was conducted regarding...

Losses from One Unit Need not Offset Profits of Another for Section 80-IB Deduction: ITAT [Read Order]

In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that the losses from one industrial unit need not offset the profits of another for section 80-IB deduction...

ITAT dismisses Revenue’s Tax Appeal for Lack of Jurisdiction, grants Liberty to Approach Appropriate Bench [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) dismissed the revenue's appeal for lack of jurisdiction and granted liberty to the revenue to approach the appropriate bench. The...

Relief to Louis Berger Group: ITAT allows Bad Debts Deductions Citing Debts Written Off as per S. 36(1)(vii) [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the Louis Berger Group Bad Debts deduction claim citing debts were written off as per Section 36(1)(vii) of the Income Tax Act, 1961 ...

ITAT Upholds Deletion of Demand for Non-Deduction of Tax on Agency Fees by Bharti Airtel Ltd [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal(ITAT) upheld the deletion of demand for non-deduction of tax on agency fees paid by Bharti Airtel Limited. The tribunal dismissed the Revenue’s appeal...

Relief for Genpact India: ITAT Allows 60% Depreciation Citing Printers and Routers as Part of an Integrated System with Computers [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) granted relief to Genpact India by allowing depreciation at the rate of 60% on certain computer peripherals such as printers, routers etc.,...

Bandwidth Charges Exempt from TDS as They Do Not Constitute Royalty: ITAT Favors Bharti Airtel Ltd [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal(ITAT) ruled in favor of Bharti Airtel Ltd., stating that bandwidth charges were exempt from Tax Deducted at Source (TDS) as they do not...