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.
Self declared income which otherwise not taxable as per law, cannot be taxed
Disallowance u/s 69C not sustainable where all purchases recorded in books of account accepted by AO
AO not authorised to replace sale consideration with fair market value by adding prospective benefits
S. 14A AO must establish nexus between expenditure & exempt income, give reason for disallowance & it should not exceed the exempt income
Loss due to fluctuation in foreign exchange as on the date of balance sheet allowable
CIT must establish that order is erroneous before remanding matter to AO u/s 263
Loss to banks on security classification from one to another category as per RBI directions is allowable expenditure
If percentage of Commission earned from AE transactions is higher than AE transactions no addition can be made
Depreciation is allowed while calculating exemption u/s 11 in absence of any specific exclusion
In absence of Return of Notice sent by Speed Post it will be presumed to be delivered
Reopening based on Judicial pronouncement when all info were already available is not valid
No Penalty on Return of loan by cash to sister concern under a bonafide belief
Assessment not valid if AO fails to issue notice u/s 143(2) after return filing by way of letter by Assessee
No Set-off of losses or unabsorbed Depreciation/business loss against Profit Exempt U/s. 10A
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.
