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ITAT Delhi

No Section 54F Exemption for Shed on Agricultural Land, Not Considered Residential House

June 13, 2024 4380 Views 0 comment Print

Detailed analysis of the ACIT vs Himanshu Garg case at ITAT Delhi regarding capital gains, section 54F exemption, and land sale considerations.

ITAT Delhi explains limitation for passing of penalty order

June 13, 2024 345 Views 0 comment Print

Detailed analysis of ITO vs Turner General Entertainment Networks India Pvt. Ltd. case before ITAT Delhi. Penalty order deemed invalid due to limitation.

Jurisdictional error in Section 143(2) notice cannot be cured under section 292BB 

June 9, 2024 2322 Views 0 comment Print

Read the full text of the ITAT Delhi’s order on the invalid notice issued before filing ITR, leading to the quashing of the assessment order in the case of Mideast Integrated Steels Ltd Vs ACIT.

Date of Satisfaction Recording for Searched Person is deemed Date of Search for Non-Searched Person

June 7, 2024 267 Views 0 comment Print

ITAT held that date of recording of satisfaction in the case of searched person qua non-searched person becomes date of search in case of non-searched person

ITAT directs AO to Tax only Peak Credit in respect of undisclosed Bank account

June 7, 2024 4875 Views 0 comment Print

ITAT Delhi directs verification of peak credits in the undisclosed ICICI Bank account in the case of Gulshan Grover vs ITO, addressing unexplained cash deposits.

No Section 41(1) addition if no remission or cessation of liability: ITAT Delhi

June 6, 2024 414 Views 0 comment Print

ITAT Delhi rules against Section 41(1) addition when no cessation of liability occurs, directing cancellation of a demand in the case of Late Sh. Mahender Kumar Mittal vs. ITO.

Cash deposit cannot be treated as unexplained without rejecting books of Account

June 4, 2024 7749 Views 0 comment Print

Pilani Industrial Corporation Limited Vs ACIT (ITAT Delhi) case analysis. The ITAT Delhi ruled that cash deposits during demonetization can’t be deemed unexplained without rejecting the books of account. Full text of the order included.

Assessment order quashed as section 153D approval was without application of mind

June 4, 2024 417 Views 0 comment Print

Read the detailed analysis of Delhi ITATs decision in MDLR Airline Vs DCIT case, highlighting the lack of proper approval under Section 153D of the Income-tax Act.

AO cannot change his view in the garb of rectification of mistake under section 154

June 4, 2024 441 Views 0 comment Print

ITAT Delhi rules that the accepted investment source by AO cannot be rectified under Section 154, quashing the income tax assessment order.

ITAT allows deduction of CENVAT Credit written off

June 4, 2024 201 Views 0 comment Print

Delhi ITAT ruling favors G-Tekt India Pvt. Ltd., allowing deduction for CENVAT Credit written off. Detailed analysis of the case and implications.

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