The ITAT Delhi has quashed the reassessment against Sonia Kapoor, ruling it invalid. The court found that because no addition was made on the initial reason for reopening, the entire process was void.
The ITAT Delhi has upheld the deletion of a ₹3.51 crore addition, ruling that the assessee proved the identity, creditworthiness, and genuineness of unsecured loans.
ITAT Delhi upholds the deletion of a ₹1.39 crore tax addition against Vikas Associates, ruling that the assessment was invalid under Section 153C based on the Delhi High Court’s Ojjus Medicare judgment.
The ITAT Delhi allows a taxpayer to claim a Section 80C deduction even though it was initially omitted from their tax return, citing a lack of a bar in the law for that year.
The ITAT Delhi has ruled that a charitable society is eligible for a tax exemption, even with a delayed Form 10B submission due to a technical portal glitch.
The ITAT Delhi has ruled that reassessment notices issued under Section 148 after the prescribed limitation cut-off date are invalid, providing relief to the assessee.
ITAT Delhi held that the benefit of working capital adjustment while computing the ALP has also not been borne in mind hence matter restored to the file of TPO/ AO for fresh determination in accordance with law.
The ITAT Delhi has sent a charity’s S.12A registration denial back to the CIT(E) for re-verification of documents, citing a dispute over submitted evidence.
Late Return Filed after Sec 142(1) Notice Held Invalid; No 143(2) Notice Required When Return is Invalid; ITAT Restores Sec 69A Addition to AO
Assessee-company was traded in electric security equipment systems and filed its income return declaring NIL income after setting off unabsorbed depreciation.
