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Vikas Awasthy

TDS on CAM Charges Treated as Payment for Services, Not for Use of Property: ITAT Rules 2% Deduction u/s 194C Valid

Sneha Sukumaran Mullakkal

The Delhi Bench Income Tax Appellate Tribunal ( ITAT) ruled that Tax Deducted at Source ( TDS ) at 2% under Section 194C of Income Tax Act,1961, on...

$Relief for Dalmia Bharat: ITAT Rules Payment for Technical Knowhow on Manufacturing Refractories is Revenue Expenditure, Not Capital [Read Order]$

Relief for Dalmia Bharat: ITAT Rules Payment for Technical Knowhow on Manufacturing Refractories is...

Failure to verify New vs. Renewed Deposits on unsecured loans: ITAT Remits ₹2.62 Cr Issue for Fresh...

Failure to Dispose Objections Before Assessment: ITAT Rules Reassessment Proceedings Void [Read...

ITAT Denies Section 54F Exemption for Property Purchased in Mother's Name [Read Order]

No Income Tax Assessment Beyond 10-year limit u/s153A: ITAT favours Assessee [Read Order]

The New Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently quashed an assessment order passed by the Assessing Officer holding that the assessment year was beyond the ten-year outer...

ITAT rejects Income Tax Department’s Algorithm-Based Tax Addition in Cash Deposit Made During Demonetization Period [Read Order]

In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [CIT(A)]’s decision to delete the ₹1.63 crore addition made by the...

Violation of Natural Justice: ITAT Sets Aside CIT(A)’s Ex-Parte Order Passed without Notice to Assessee [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT), in a recent ruling has set aside an ex-parte order passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal Centre...

ITAT Sets Aside Ex-Parte Orders, Restores Assessee’s Appeal for Fresh Hearing on Unexplained Deposits and Penalty [Read Order]

The Income Tax Appellate Tribunal (ITAT) Delhi Bench has set aside ex-parte orders passed by the Commissioner of Income Tax (Appeals) [CIT(A)] in the case of Siddharth Sharma for the assessment year...

ITAT Directs Inclusion of Magma Advisory Services as Comparable, Rejects Exclusion Based on Negative Cash Flow [Read Order]

The Delhi Bench of Income Tax Appellate Tribunal(ITAT) directed the inclusion of Magma Advisory Services Ltd. as a comparable, rejecting its exclusion based on negative cash flow. Honda R & D...

ITAT Remands Rs. 1473.8 Crore Unexplained Money Addition for Fresh Assessment, due to Lack of Fair Hearing [Read Order]

The Delhi Income Tax Appellate Tribunal ( ITAT ) remanded the addition of Rs. 1,473.8 crore as unexplained money for fresh assessment due to a lack of fair hearing. The assessee, Alok Dev,...

Income Tax Annual Digest 2024: ITAT Cases [Part 4]

This annual round-up analytically summarizes all the Income Tax related Orders of the Income Tax Appellate Tribunal (ITAT) Benches of India reported at Taxscan.in during 2024. Assessee entitled to...