ITAT Delhi upholds 10A deduction for Rs.43 Cr software sale by Nuwave E Solutions, rejecting Revenue’s claim it was an ineligible arbitration award.
The ITAT Delhi has ruled that a reassessment without a mandatory Section 143(2) notice is a jurisdictional defect and is non est in law, quashing the assessment order.
The ITAT Delhi has remitted an appeal to the Assessing Officer, finding that automatic additions by the CPC for gratuity and Section 43B were due to a data mismatch and require fresh verification.
The ITAT offers partial relief to Saket Bansal and Abhishek Bansal, explaining a portion of seized jewellery in a tax dispute. Learn about the tribunal’s decision.
Delhi ITAT cancels PCIT’s revision u/s 263 against faceless assessment, ruling it cannot be used for fishing enquiries. Order restores NFAC’s original assessment.
ITAT Delhi upheld reassessment u/s 147 for cash deposits during demonetisation. Demon deposits issue remanded to AO; GP on non-demon deposits reduced from 8% to 4%.
The ITAT Delhi has partially allowed an appeal by an accommodation entry provider, reducing the assessed commission rate and upholding a penalty for a delayed tax audit report.
ITAT Delhi rules against double taxation, deleting a Rs.50.18 lakh addition after finding that cash deposits were sourced from sales already accepted and taxed.
ITAT Delhi dismisses the Revenue’s appeal against Delhi Transco, affirming that income recognition can be postponed when collection is uncertain.
ITAT Delhi remands a tax case to the Assessing Officer, ruling that the denial of cross-examination and the rejection of donor evidence without independent verification were legally unsustainable.
