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ITAT Delhi

Cricket Australia vs. ACIT: Live Transmission Fee Not Taxable as Royalty

July 9, 2024 696 Views 0 comment Print

Read the full text of the ITAT Delhi order on Cricket Australia vs. ACIT (International Taxation). Analysis includes why license fees from live cricket match transmissions held in Australia are not considered royalty under Indian tax laws.

Section 80P(2)(d) Deduction for Co-op Society on Interest from Co-op Bank: ITAT Delhi

July 9, 2024 1725 Views 0 comment Print

Delhi ITAT allows Section 80P(2)(d) deduction for Janta Adarsh Co-operative Thrift & Credit Society on interest earned from Co-operative Bank. Read the full judgment.

DRP’s Rejection of Belated Objections Doesn’t Extend Assessment Limitation: ITAT Delhi

July 4, 2024 1179 Views 0 comment Print

Delhi ITAT rules in Ares Diversified Vs ACIT that rejection of belated objections by DRP does not extend the limitation for passing final assessment U/s 144(4).

LTCG on Shares: Assumptions without substantial evidence of error shouldn’t trigger action u/s 263

June 27, 2024 924 Views 0 comment Print

Read the detailed analysis of the ITAT Delhi verdict in Pooja Mittal vs PCIT case, addressing the issues of Long Term Capital Gain and supervisory jurisdiction under Section 263.

Deeming Provisions of Section 50C Not Apply to Leasehold Rights: ITAT Delhi

June 26, 2024 1932 Views 0 comment Print

ITAT Delhi rules that Section 50C deeming provisions cannot be applied to leasehold rights in the Shivdeep Tyagi vs ITO case.

Section 263 revisionary power can’t be invoked solely on improper inquiry allegations

June 26, 2024 768 Views 0 comment Print

Detailed analysis of Dharam Singh Vs PCIT (ITAT Delhi) case where ITAT Delhi ruled that revisionary power can’t be invoked solely on improper inquiry allegations by AO.

Procedural lapses in filing Form 67 do not justify disallowing of FTC: ITAT Delhi

June 25, 2024 1098 Views 0 comment Print

Detailed analysis of the ITAT Delhi order on Isha Mago vs ADIT, focusing on the appeal regarding disallowance of foreign tax credit due to late filing of Form 67.

Rule 128(9) not provide for disallowance of FTC in case of delay in form 67 filing

June 25, 2024 1308 Views 0 comment Print

Explore the ITAT Delhi’s ruling in Rameshwar Prasad Shrivastava vs ITO, detailing the disallowance of foreign tax credit due to procedural lapses, implications under DTAA, and judicial precedents.

Foreign Tax Credit cannot be denied for delay in filing Form 67: ITAT Delhi

June 25, 2024 1830 Views 0 comment Print

Read a comprehensive analysis of Ajay Kumar Mishra Vs DCIT case at ITAT Delhi regarding disallowance of foreign tax credit under Indian tax law. Understand the implications and legal arguments presented.

Form 67 submission Not Mandatory for Availing  Foreign Tax Credit: ITAT Delhi

June 24, 2024 1683 Views 0 comment Print

Read the full text of the ITAT Delhi order in Suchi Agrawal vs. ITO, where the requirement of Form-67 for foreign tax credit was debated and its procedural nature clarified.

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