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ITAT Delhi

Section 271(1)(c) Penalty Not Automatic for Wrong Claims; Requires Proof of Lack of Bona Fides

September 22, 2023 663 Views 0 comment Print

Read the full text of the ITAT Delhi order in the case of DCIT vs. Sarva Haryana Gramin Bank regarding penalty under Section 271(1)(c) of the Income Tax Act.

Business Maintenance Expenses cannot be disallowed arbitrarily

September 22, 2023 747 Views 0 comment Print

ITAT Delhi’s ruling on disallowing business expenses under Section 37 of the Income Tax Act. Analysis of Giri Buildwell Pvt. Ltd. vs. DCIT case. Learn more.

TDS not deductible on payment towards External Development Charges to HUDA

September 22, 2023 1611 Views 0 comment Print

ITAT Delhi held that the assessee has not committed any violation of provision of Chapter XVII B of the Act by making payment towards External Development Charges (EDC) to Directorate of Town and Country Planning, Haryana (Haryana Government) (DGTCP) through banking channel favoring Haryana Urban Development Authority (HUDA).

Books of accounts having number of defects & discrepancies duly rejected u/s. 145(3)

September 22, 2023 369 Views 0 comment Print

ITAT Delhi held that rejection of books of accounts u/s. 145(3) of the Income Tax Act justifiable as there was number of defects and discrepancies in the same.

Revenue’s appeal dismissed as NCLT admitted application filed u/s 14 of IBC

September 22, 2023 261 Views 0 comment Print

ITAT Delhi held that as National Company Law Tribunal (NCLT) has admitted application filed by the assessee u/s. 14 of the Insolvency and Bankruptcy Code, 2016, the present appeal filed by the revenue deserves to be dismissed.

Corporate Assessees Ineligible for Personal Use Considerations

September 22, 2023 597 Views 0 comment Print

Read the full text of ITAT Delhi’s order in Super Alloy Castings P. Ltd vs. ACIT regarding higher depreciation on electrical fittings and rejection of personal use charges.

Deduction towards fringe benefit tax available while computing book profits u/s 115JB

September 21, 2023 537 Views 0 comment Print

ITAT Delhi held that fringe benefit tax is an allowable deduction in computing book profit as per Section 115JB of the Income Tax Act.

Exemption u/s 54 Cannot Be Denied for Non-Compliance with 54(2)

September 21, 2023 1254 Views 0 comment Print

Learn about case of Smt. Maninder Kartik vs. DCIT (ITAT Delhi) regarding denial of exemption u/s 54 due to non-compliance and legal precedents that support taxpayer’s claim.

It is Inappropriate for AO to Demand Evidence of Non-occurrence of an event

September 21, 2023 714 Views 0 comment Print

Read about case of ITO vs. Gammon Construction Pvt. Ltd. (ITAT Delhi), where inappropriate demand for evidence of a non-occurring event is discussed and resolved. Learn more here.

No Income Tax Addition for Assessee Proving Source of Cash Deposits During Demonetization

September 20, 2023 1626 Views 0 comment Print

Read the detailed analysis of DCIT Vs Bhanu Infrabuild Pvt Ltd (ITAT Delhi) case. No income tax addition if source of cash deposits during demonetization is proven.

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