Discover how the ITAT Delhi ruled on penalty proceedings, emphasizing the importance of a precise notice specifying the offense under Section 271(1)(c).
ITAT Delhi dismisses appeal, upholding taxability of interest received under Section 28 of Land Acquisition Act as income from other sources. Details of the case here.
Explore ITAT Delhi’s decision in DCIT Vs Bharti Realty Holdings Ltd, allowing previously disallowed losses due to incorrect interpretation of Section 43(6) provisions.
Explore the analysis of the ITAT Delhi order dated 1st November 2023, highlighting that the issuance of Notice u/s 153C under the Income Tax Act is deemed invalid ab-initio when no incriminating documents are found during a search. The article delves into the legal arguments, the interpretation of Section 153C, and the significance of the decision. Read to understand the implications for taxpayers and the criteria for a valid notice.
In a recent decision by the Income Tax Appellate Tribunal (ITAT) Delhi in the case of Paramjit Gandhi vs. DCIT, the Tribunal addressed the disallowance of long-term capital loss on the sale of shares by the Assessing Officer (AO).
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.
