ITAT Delhi remands a 12A/80G application. A fresh application for registration as a charitable trust cant be rejected solely because a prior one was denied.
ITAT Delhi: Cash deposits in a dissolved firms bank account are taxable only in the proprietors hands, not the partnerships. The protective addition was deleted.
Delhi ITAT deletes over ₹6 crore in additions, ruling that documents impounded from a property broker related to third-party transactions, not his own income.
Delhi ITAT rules that assessments against a non-searched person must be conducted under Section 153C, not 143(3), when a satisfaction note is recorded. Invalid jurisdiction nullifies the assessment.
ITAT Delhi restores Sarita Jain’s reassessment for a new hearing, citing improper service of notices to an incorrect email ID and a violation of natural justice.
ITAT Delhi dismissed a Revenue appeal and upheld CIT(A)’s decision to tax a vegetable vendor’s cash deposits at a 2% net profit rate, rejecting full amount as unexplained income.
Jai Prakash Virmani Vs DCIT/ACIT (ITAT Delhi) ITAT Delhi Holds Additional Income Applied Towards House Construction Cannot be Taxed Again as Unexplained Investment – Section 69 & 115BBE Not Applicable A survey u/s 133A was conducted at Assessee’s business premises on 23.01.2019. Loose papers indicating cash withdrawals & expenditure on construction of house were impounded. […]
Delhi ITAT quashes ₹11 crore in tax additions, ruling that additions in a search case cannot be made without finding incriminating material on the assessee’s premises.
ITAT Delhi has directed Assessing Officer to amend assessment for Richemont India, reducing a Rs 33.95 crore transfer pricing addition to nil.
ITAT Delhi: Addition on expensive watches deleted. The court held they belonged to the entire Kochar family, and possession was consistent with their status.
