ITAT Delhi dismisses Revenue’s appeal, affirms LTCG exemption on share sale in Bal Kishan Arora case citing identical precedent from Delhi High Court.
ITAT Delhi held that fees for providing Spa Consultancy falls under the category of ‘Independent Personal Service’ and hence was not taxable in India and therefore assessee was not required to deduct TDS. Thus, disallowance u/s. 40(a)(ia) deleted.
ITAT Delhi held that in absence of original certificate, benefit of jewellery and ornaments declared in VDIS Scheme 1997 is granted based on affidavit and valuation report of the jewellery declared under VDIS.
ITAT Delhi held that addition under section 69C of the Income Tax Act towards bogus purchases cannot be sustained merely for failure on the part of 3rd party in not responding to the summons. Addition set aside since genuineness of transaction proved.
ITAT Delhi held that addition made under section 153A of the Income Tax Act are bad-in-law in absence of any incriminating material found during the course of search. Accordingly, assessment order quashed.
ITAT Delhi condones 450-day delay in Redstone Textile’s appeals, remands case to CIT(A) after citing former consultant’s oversight and non-receipt of notices.
Delhi ITAT dismisses over Rs 1.63 crore tax addition on jeweller’s demonetisation cash deposit, faulting algorithm and lack of challenge to sales genuineness.
ITAT Delhi remits ex-parte order against Sohanvir Singh to AO, citing denial of adequate opportunity of being heard, upholding natural justice.
ITAT Delhi dismisses revenue’s appeal against Sahil Kohli for AY 2016-17 due to tax effect being below ₹60 lacs, citing CBDT Circular No. 09/2024.
Tax tribunal rules NIIT Ltd. can deduct finance lease principal payments as revenue expense; penalty appeal sent back for detailed review.
