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.
Nature of profit from sale of shares depends on intention of acquisition of shares irrespective of its treatment in books
Every entity has a right to carry on its objectives in the manner it considers best
Addition u/s 68 for no effort by Dept. to verify identity & creditworthiness of creditors not justified
Deduction u/s. 80-IB(8A) allowable if approval not withdrawn
Powers of Commissioner of Income Tax co-terminus with that of Assessing Officer
Capping of TP adjustments to combined group profits not possible
Rejection of application u/s 80G(5) cannot be passed without giving the institution
DIT(E) cannot reject approval u/s 80-G without giving proper opportunity
Only Joint Commissioner or Additional Commissioner can sanction issue of Reassessment Notice
Penalty cannot be levied for mere rejection of debatable claim
Matter remanded if additions are made by TPO without working capital adjustments
If DRP dismissed objections filed by assessee in a summary manner without proper application of mind, matter needed reconsideration
Mere non-production of donor would not attract penalty for concealment if Gift disclosed in Return
TPO cannot reject data provided by Assessee unless the same are inadequate
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.
