ITAT Delhi has deleted a disallowance of cash salary payments, finding that assessee had provided sufficient employee details that were not properly considered by tax authorities.
ITAT Delhi rules that domain registration and web hosting fees are not taxable as royalty under India-UAE DTAA, citing key judicial precedents.
The ITAT Delhi has set aside the CIT(A)’s deletion of a ₹2.32 crore addition made under Section 68, citing a violation of Rule 46A as new evidence was admitted without giving the Assessing Officer a chance to examine it.
ITAT Delhi remanded the matter back to the file of the Assessing Officer in the matter of addition of Rs. 30 Crores u/s. 68 since additional evidence filed under rule 29 of the ITAT Rules, 963 substantiating genuineness of business advances.
ITAT Delhi allows Antar Foundation fresh opportunity for Section 12A registration after notices were not communicated to top management.
ITAT Delhi overturns an AO’s ad-hoc disallowance of 90% of revenue expenses for a real estate company, upholding the use of the Percentage of Completion Method and ICAI’s accounting standards.
ITAT Delhi held that exemption granted to political party under section 13A denied to assessee (Indian National Congress) due to violation of 3rd proviso i.e. return of income not filed within prescribed due date. Accordingly, appeal of assessee dismissed.
Delhi ITAT deleted a ₹10,000 penalty under Section 271(1)(b), finding no deliberate defiance by the assessee despite a delay in responding to a tax notice.
The ITAT Delhi has quashed an income tax reopening, ruling that a “mechanical” approval from the prescribed authority under Section 151 of the Income-tax Act is invalid.
ITAT Delhi held that only the estimation profit element has to form subject matter of addition in case of bogus accommodation entries. Accordingly, CIT(A) order directing @2.5% on total bogus accommodation entry upheld.
