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.
When order in quantum has been decided in favour of assessee penalty cannot be levied u/s 271(1)(c)
Sec 40A(3) disallowance not attracted for payment made as advance for purchasing assets capitalized in books
TP adjustments not applicable on transactions between Head Office & Branch Office
Revenue can’t file appeal to ITAT, if tax not exceeds Rs 4,00,000/-
Loan foreclosure charges are eligible for deduction u/s 24(b)
Reassessment u/s 148 quashed, on issue of notice without valid jurisdiction
Income determined on estimate basis, penalty u/s 271(1)(c) cannot be imposed
Testing and Consultancy Services provided for a fees without profit motive not falls within the ambit of Section 2(15)
Section 234B interest not applicable under Block Assessment
Penalty cannot be imposed if explanation given by the assessee cannot be brushed aside as totally false
No new material besides full and true disclosure, reassessment u/s 148 is not justified
Assessee is not the shareholder & transaction in ordinary business, sec. 2(22)(e) doesn’t apply
Identity and creditworthiness of shareholder proved, addition u/s 68 not Justified
Additions not valid merely on the ground of fall in GP ratio, if books of account are accepted by AO
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.
