ITAT Delhi held that the pass through cost to the extent which are directly relatable to third parties, namely, advertisement and publicity; business promotion and participation in trade events are to be excluded from the cost base.
ITAT Delhi held that that simultaneous issue of the DIN number is insignificant and superfluous exercise, in the absence of mentioning the DIN number on the body of the communication. Accordingly, AO’s order with no DIN is invalid.
ITAT allows Rental Expenses for Property taken on Rent for Business Purpose. Learn about the ruling on Appeal by the Revenue for AY 2014-15. Google ITAT Order for Delhi.
Read the detailed analysis of DCIT vs. Agni Estates & Foundations Pvt. Ltd. (ITAT Chennai) case. ITAT upholds deletion of disallowance of sponsorship expenses and interest under Income Tax Act.
Understand the implications of ITAT Delhi’s decisions on Professional Fees Share Purchase Agreement Drafting Revenue Expenditure for AY 16-17. Explore ACIT vs. SSP Pvt. Ltd case & the dispute related to advocate fees and advertisement expenses.
In a significant ruling, ITAT Delhi upholds deletion of cash addition in DCIT vs. Atul Gupta case for AY 2017-18 after demonetization. Get the full order details here
Explore the detailed analysis of the ITO Vs. Direct Trading Co. case at ITAT Delhi, focusing on unexplained share capital, share premium, and investment additions.
Expenditure incurred by assessee for conducting due diligence of a company which was eventually acquired by company is allowable as revenue expenditure
ITO Vs Meyer Apparel Pvt. Ltd (ITAT Delhi): Loan waiver for capital assets not taxable under Sec 28(iv) or 41(1) as cash receipt; not a remission of trading liability.
ITAT Delhi allows senior citizen’s appeal against Rs. 9 lakh addition under Section 69A. Assessing Officer failed to prove misuse of accumulated cash. Read the full order.
