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.
No Penalty if Assessee voluntarily & bona fidely declare its income
Addition based on mere Low GP Ratio not justified
No formation of opinion by AO if no scrutiny assessment made earlier
Fore initiation of Reassessment AO need not conduct inquiry & nor required to verify information, only nexus between Information & Belief required
Mobile Companies can recognize revenue to extent of talk time used in case of prepaid talk time
S. 54 Exemption cannot be denied for payment by third party if subsequently reimbursed by the Assessee
S. 10A Expenses Reduced from Export Turnover Needs to be reduced from Total Turnover too
On failure to deduct TDS on web charges amount is disallowable U/s. 40(a)(ia)
Fees Paid by ONGC to procure information in respect of exploration of oil and gas is ‘royalty’
Expenses allowed in earlier year cannot be disallowed in subsequent years if facts are same
Royalty earned by NR from another NR not taxable in India even if payer embeds the now-how into products sold in India
Additional depreciation allowable only on acquisition & installation of new machinery
Landmark ITAT Special Bench Verdict On Transfer Pricing Of advertisement, marketing & sales promotion expenses
Depreciation on Building used by the Assessee allowable despite non registration in his name
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.
