ITAT Delhi held that disallowance u/s 14A of the Act is made in respect of expenses attributable to exempt income and not the taxable income. Further, the disallowance u/s 14A of the Income Tax Act should not exceed the exempt income of that year.
ITAT Delhi held that if the assessee has shown the income, then, the assessee has every right to get credit of TDS even if deductor has deducted tax in subsequent A.Y.
Explore the crucial judgment of ITAT Delhi in the case of DCIT Vs Western Geco International Ltd. A deep dive into issues of taxation under Sections 44DA, 44B, and 44BB of the Income Tax Act.
Analyzing the key implications of ITAT’s ruling in the case of ACIT Vs Jones Lang Lasalle Building Operation Pvt Ltd, highlighting the acceptability of business service charges for HR-related services provided by associate concerns.
Read about ITAT Delhi’s important ruling in the Hyderabad Distilleries and Wineries Pvt Ltd case, confirming that income from lease rent and packaging charges in manufacturing services is treated as business income.
The recent ITAT Delhi decision in the case of Karamveer Singh Vs ITO emphasises the non-taxability of immovable property bought through funds gifted by relatives. Explore the case’s specifics, implications, and outcomes here.
Explore the details and implications of the Vikash Daga vs ACIT case, where ITAT Delhi upheld the right to claim foreign tax credit under Section 90, despite procedural anomalies. Understand the balance between procedural norms and substantive rights in the context of the Income Tax Act.
ITAT upheld the right of an individual to use personal savings, including those from a late spouse, for the repayment of a bank loan, and dismissed the claim that such actions constitute unexplained investment.
Detailed review of ITAT Delhi’s ruling in favor of the assessee, Tarik Tondon, where the reassessment order was cancelled due to lack of verification of the information which initiated the reopening.
The recent ITAT Delhi ruling in the Shantiniketan Properties Pvt. Ltd. vs. ACIT case allows high-interest payments under commercial expedience, refuting disallowance under Section 40A(2) of the Income Tax Act.
