ITAT Delhi sets aside reassessment order against Tirlok Singh citing jurisdictional errors in notice issued under Section 148 by ITO Kurukshetra.
ITAT Delhi held that addition merely on the basis of entries found in the seized diary without any corroborative evidence and without any independent enquiry by AO is not sustainable. Accordingly, addition made by AO is deleted.
ITAT rulings highlight that an unsigned notice is legally invalid, undermining the Assessing Officer’s jurisdiction and any penalties for non-compliance.
ITAT Delhi deletes ₹1.33 Cr addition on cash sales as jeweller proved validity through books, invoices, stock records, and audit trail for demonetization period.
Artemis Medicare Services Limited Vs ACIT (ITAT Delhi) Assessee can not be Deemed ‘Assessee in Default’ for year-end Provisions reversed in next year The ITAT, in this case held that the assessee cannot be treated as an ‘assessee in default’ u/s 201(1) merely for making year-end provisions where the payees were unidentifiable, and the provisions […]
Delhi ITAT upholds disallowance of interest under Section 57 and commission expenses due to lack of evidence of business use and genuineness.
ITAT Delhi upheld tax addition under Section 68 as assessee failed to prove identity and creditworthiness of investors in high-premium share transactions.
Delhi ITAT dismisses revenue’s appeal, holding cash advance for property purchase intended as investment not subject to Section 40A(3) disallowance.
Huawei Telecommunications (India) withdraws its ITAT appeals after choosing the Direct Tax Vivad se Vishwas Scheme, 2024.
ITAT Delhi quashes reassessment in Nikita Mahajan case, citing incorrect jurisdiction and mechanical approval. Learn about the key details of the decision.
