Courts: ITAT Delhi
Find latest ITAT Delhi judgments, orders and case laws on income tax covering assessments, transfer pricing, international taxation, deductions, TDS, reassessment and penalties.
Secretion 32 – No condition of put to use once asset falls within a particular block
Amount paid wholly and exclusively for business purpose is allowable expenditure
Addition unjustified in absence of concrete material demonstrating understated scrap sales
Provisions of section 68 not attracted as investment by investor companies explained
Penalty u/s. 271AAA not imposable as undisclosed income admitted in statement recorded u/s 132(4)
Bogus expenditure incurred in earlier years can be taxed in subsequent years
Mere non-construction of property cannot be a ground to deny benefit u/s 54F
NAV method is one of recognized methods provided in rule 11UA of Income Tax Rules
ITAT refuses condonation of 1005 days delay caused due to negligence
Discounted cash flow is the recognized method as per section 56(2)(viib)
Addition for Violation of section 40A(3) sustained because of non-satisfying reply
Order passed on non-existing entity is liable to be quashed
ITAT deletes Addition for Cash Deposit which was based on strange logic
On-money received on sale of agricultural land, even when not declared, is also exempt & cannot be taxed
ITAT Delhi judgments and orders constitute a substantial body of appellate case law under the Income-tax Act. This page compiles ITAT Delhi decisions concerning assessments, additions, deductions, exemptions, business income, capital gains, transfer pricing, international taxation, TDS, reassessment, unexplained income, penalties, limitation and procedural disputes. Companies, individuals, Chartered Accountants, advocates and tax professionals can use this collection to research Tribunal precedents relevant to income-tax matters. TaxGuru brings together recent and significant earlier ITAT Delhi judgments and orders, providing a convenient resource for following developments in direct tax jurisprudence and researching recurring issues arising in assessments and appeals.
