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ITAT Delhi

Malaysian Airline System Berhad Vs DCIT: Taxability of Services to Indian Airlines

February 15, 2024 420 Views 0 comment Print

Read the detailed analysis of the case between Malaysian Airline System Berhad and DCIT regarding the taxability of services provided to Indian airlines in Malaysia.

Sale of Software License Not Royalty under India-Singapore DTAA: ITAT Delhi

February 15, 2024 489 Views 0 comment Print

ITAT Delhi rules receipts from the sale of software licenses to Pepsico India and ITC Limited not royalty under India-Singapore DTAA. Read the full analysis.

No Tax on Salary for Non-Resident Assessee Rendering Services Outside India: ITAT

February 15, 2024 810 Views 0 comment Print

Explore the ITAT Delhi ruling on Devi Dayal Vs DCIT regarding taxation of salary earned by a non-resident outside India. Detailed analysis and conclusion provided.

ITAT: Sale of Shares Capital Gains Not Sham, Deletes Section 69A Additions

February 15, 2024 1179 Views 0 comment Print

Delhi ITAT’s landmark ruling in Sarika Bindal vs. ITO establishes that capital gains from share sales cannot be deemed sham, safeguarding taxpayer rights.

Minimal Control Over Penny Stock Companies Does Not Invalidate Income Source

February 14, 2024 567 Views 0 comment Print

Delhi ITAT rules in DCIT Vs Nishit Capinvest Pvt Ltd that meager control over penny stock companies doesn’t question the source of income’s legitimacy.

Applicability of TDS provisions requires clear identification of payees

February 14, 2024 546 Views 0 comment Print

Delhi ITAT’s ruling in the case of ACIT vs Artemis Medicares Services Ltd highlights the implications of voluntary disallowance of expenses under section 40(A)(ia) and its impact on the taxpayer’s default status under section 201(1).

ITAT Clears Transfer Pricing Battle for Boeing India

February 14, 2024 267 Views 0 comment Print

ITAT Delhi resolves Boeing India’s transfer pricing dispute, clearing an INR 21,52,899 adjustment tied to operational inactivity and a merger with BCIL.

Management Fee Treated as Interest: Exemption under India-Germany DTAA

February 14, 2024 516 Views 0 comment Print

Delhi ITAT rules management fee on ECB falls under ‘interest’ as per Sec 2(28A), exempt under India-Germany DTAA Art.11, aiding Aka Ausfuhrrkreditgesellschaft MBH.

Cash Deposits Explained by Sale Proceeds Not Unexplained Credit: ITAT Delhi

February 13, 2024 1200 Views 0 comment Print

Uncover the Delhi ITAT ruling where cash deposits from sale proceeds, if properly explained, aren’t deemed unexplained credits. Read a detailed case analysis.

Funds Held in Fiduciary Capacity by Trust cannot be Treated as Income: ITAT Delhi

February 13, 2024 366 Views 0 comment Print

Delhi ITAT’s landmark decision: Funds received by charitable trusts under Swachh Bharat Abhiyan in a fiduciary capacity are not considered income. Details inside.

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