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ITAT Delhi

ITAT Delhi quashes reassessment initiated by AO on incorrect facts

March 18, 2024 843 Views 0 comment Print

ITAT Delhi quashes reassessment initiated by AO on incorrect facts. Full text analysis of Shri Anuj Chaudhary vs ITO case for AY 2009-10.

Business Transactions Shouldn’t be treated as Deemed Dividend: ITAT Delhi

March 18, 2024 387 Views 0 comment Print

In ACIT Vs Adiish Jain, ITAT Delhi ruled on deemed dividend under IT Act, deleting the addition. Detailed analysis of the case & judgment.

Addition for Consignment Sales Commission Unwarranted if same duly reflected in P&L account

March 18, 2024 297 Views 0 comment Print

ITAT Delhi rules that no addition shall be made when commission earned from consignment sale of foodgrains is reflected in P&L account. Detailed analysis of ITO Vs Smt. Keshar Devi.

DCIT Vs Hindustan Thermal EPC: No Disallowance for Business Loss – ITAT Delhi

March 18, 2024 192 Views 0 comment Print

ITAT Delhi rules in favor of Hindustan Thermal EPC, disallowance of expenses deleted, detailed analysis of the case.

If Payees Accounted for Received Amounts & Paid Taxes, Assessee Not in Default under Sec. 201(1)

March 18, 2024 651 Views 0 comment Print

Explore the detailed analysis of the Satya Kiran Healthcare Pvt. Ltd. vs. ITO case regarding TDS deduction disputes, its implications, and the ITAT Delhi’s verdict.

Interest on TDS not allowable expenditure: ITAT Delhi

March 18, 2024 570 Views 0 comment Print

ITAT Pune remands Sanj Sawali Care Foundation’s 80G exemption application to CIT(E) for reevaluation after failure to produce documentary evidence. Details here.

Addition u/s 68 deleted as genuineness and creditworthiness of lender proved: ITAT Delhi

March 18, 2024 570 Views 0 comment Print

ITAT Delhi’s order on Trident Towers Pvt. Ltd vs ACIT addresses the deletion of addition under section 68 of the Income Tax Act, citing submission of requisite documents.

Difference in stock found during course of survey duly reconciled hence addition u/s 69 unsustainable: ITAT Delhi

March 18, 2024 477 Views 0 comment Print

New Delhi ITAT rules that no addition can be made under Sec 69 if the difference in stock found during survey and recorded in books is reconciled. Detailed analysis of Ultimate Creations Vs ACIT.

Audit report filing in Form 10CCB before due date for filing of return of income u/s 139(1) is not mandatory

March 18, 2024 1263 Views 0 comment Print

Delhi ITAT rules on the filing of Form 10CCB before due date per Sec 139(1). Analysis of Sanjay Kukreja vs ACIT case & its impact on deduction u/s 80-IA.

Illogical to Treat Sales as Bogus When Purchases & Stock are Deemed Genuine

March 18, 2024 654 Views 0 comment Print

In Bharat Agro Industries Vs DCIT, New Delhi ITAT questions the logic of treating sales as bogus when purchases are genuine and stock is accepted.

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