The ITAT Delhi ruled that a mechanical approval under Section 153D of the Income Tax Act, granted without proper application of mind for multiple years, makes the entire assessment invalid.
The ITAT Delhi ruled in favor of a taxpayer, stating that cash deposits were sufficiently explained by a positive cash book balance, shifting the burden of proof to the Revenue.
The ITAT Delhi has ruled that a new charitable institution is entitled to 12AB and 80G registration, stating that a lack of activities is not a valid reason for denial.
The ITAT Delhi has upheld the deletion of a ₹11.73 Cr addition for unexplained cash credit, ruling that the Assessing Officer’s reliance on unverified STR information was insufficient to make the addition.
ITAT Delhi has deleted a ₹3.92 crore tax addition against I.P. Constructions, finding that Assessing Officer’s calculation of project completion percentage was based on an arithmetic error.
The ITAT Delhi quashed a reassessment where a Section 148 notice was sent to a deceased person, reinforcing that notice must be served on the legal heir.
ITAT Delhi confirms deletion of ₹3.07 Cr income tax addition for Tarun International Ltd., citing sufficient documentary evidence for share capital genuineness.
ITAT Delhi dismisses revenue’s appeal, confirming deletion of Rs. 11.05 crore disallowance for IndiGo as initial Section 143(1) order merged with final Section 143(3) assessment.
Denial of DTAA benefits to UAE resident over capital gains on debt mutual funds. The case examines whether ‘liable to tax’ requires actual tax payment.
The Delhi ITAT has deleted an addition under Section 69A for unexplained cash deposits made during demonetization, finding the assessee’s explanation to be justified.
