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.
Deduction for PF and ESI contribution cannot be disallowed if paid before due date of filing return
CBDT Instruction on monetary limit for filing appeals applies on pending cases too
Once nexus between expenses incurred and purpose of business was established, interest expenditure cannot be disallowed
Provision for losses in ordinary business course on scientific basis is allowable
Factoring charges on sale cannot be termed as interest & not comes within the purview of section 2(28A)
Business claim allowable in the year in which it is incurred and not in the year of write off
Failure to supply reasons recorded by AO u/s 148 will make whole assessment proceedings void
If remand report given by AO is without any adverse comments then appeal of revenue would be dismissed
Transfer Pricing- Companies having abnormal cost cannot be taken as comparable
In transfer pricing 2 companies can be compared only if they are functionally comparable
Interest earned on idle funds raised through share capital for project establishment is capital receipt
Penalty order passed after 6 Months of ITAT confirmation is time barred
Disallowance u/s 40A(2) of Commission paid to relatives cannot be made without proper enquiry
Validity of Reassessment based on Audit Report/Balance Sheet Submitted during Original Assessment
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.
