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ITAT Delhi

ITAT Remits Issue to AO: Assessing Loss Without Claim, Reassessment Needed

March 10, 2024 696 Views 0 comment Print

ITAT Delhi remits WLD Investments Pvt Ltd’s case back to AO for fresh assessment on loss and interest disallowance issues, emphasizing fair reassessment.

ITAT Delhi quashes Section 271AAB Penalty for Defective Notice

March 10, 2024 1662 Views 0 comment Print

Read how ITAT Delhi deleted penalty u/s 271AAB of the Income Tax Act due to a defective notice in Landcraft Developers (Pvt.) Ltd Vs ACIT case.

No Section 271FA Penalty without Reportable Transactions: ITAT Delhi

March 10, 2024 1542 Views 0 comment Print

Read how ITAT Delhi cancelled penalty u/s 271FA in Motor & General Finance Ltd. Vs ACIT case due to absence of reportable transactions.

ITAT direct to Allow LTCG Exemption after verifying status of STT Payment 

March 9, 2024 930 Views 0 comment Print

Explore the ITAT Delhi order on Oriental Insurance Co. Ltd. vs DCIT, addressing additions, exemptions, and disallowances. Get insights into income tax assessments.

Personal Expenses Treated as Income, cannot be treated as Loan for Section 269SS

March 9, 2024 1113 Views 0 comment Print

Explore the case of DCIT Vs Platinum Towers Pvt. Ltd. (ITAT Delhi) regarding personal expenses treated as income, penalties under Section 269SS, and conclusions on the matter.

ITAT Quashes Assessment Order and Demand Notice Due to Missing DIN

March 9, 2024 2484 Views 0 comment Print

Delhi ITAT rules against assessment order and notice of demand without Document Identification Number (DIN), emphasizing adherence to CBDT Circular No.19/2019.

No Evidence of Cash Payments for Demand Drafts to 34 Parties: ITAT deletes addition

March 9, 2024 648 Views 0 comment Print

Delhi’s ITAT dismisses revenue’s appeal, upholding CIT(A)’s deletion of additions under Section 68 of the Income Tax Act due to lack of cash payment evidence.

Section 50C: Higher Property Sale Consideration Not Ground for Section 271(1)(c) Penalty

March 9, 2024 1170 Views 0 comment Print

ITAT Delhi rules against penalty under Section 271(1)(c) for inaccurate income particulars from property sale, emphasizing legal and factual clarity.

Liaison Office having active role treated as Permanent Establishment in terms of Article 5(2) of India-Germany DTAA

March 8, 2024 777 Views 0 comment Print

ITAT Delhi held that Liaison Office playing an active role with regard to printing of books treatable as Permanent Establishment in terms of Article 5(2) of India-Germany Double Taxation Avoidance Agreement (DTAA).

Mere listing of demand on e-filing portal not valid service of notice: ITAT Delhi

March 8, 2024 2181 Views 0 comment Print

Read how ITAT Delhi grants relief to Sony India Pvt Ltd, ruling that no liability arises as Revenue failed to issue Demand Notice for FBT interest component. Full text included.

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