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.
Assessee not become beneficial Owner because in account opening form name of the Assesse written as beneficial Owner
Reassessment vitiated if required procedure not been followed
Income of assessee chargeable to tax as principle of mutuality not applies
No enabling mechanism in Rule 5(a) mandating an adjustment to disclosed profits
Liability to Tax deduction cannot be imposed from retrospective effect
Leave encashment expense not allowable unless paid
Indexation benefit allowable till the year of assessment of capital gain
ITAT upheld Section 68 addition of LTCG in Penny Shares
Fund founded for welfare of Delhi Police should be treated as charitable in its objects
Tax Payable on capital gain account amount Not utilized within Statutory Period
Amount forfeited by buyer cannot be taxed only actual receipt can be taxed
Section 144C is prospective in nature & is applicable from AY 2011-12
No disallowance u/s 36(1)(iii) as borrowed fund had direct nexus with utilization towards interest-bearing advances
Depreciation on forex loss pertained to non-depreciable asset acquired in India could be claimed as loss from income
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.
