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ITAT Delhi

Appeal filed by assessee dismissed due to ignorant attitude of assessee towards appeal

July 12, 2020 1266 Views 0 comment Print

Appeal filed by assessee dismissed due to ignorant attitude of the assessee towards appeal.

Software Expenses on Upgradation allowed as Revenue Expense

July 12, 2020 7227 Views 0 comment Print

The issue under consideration is whether the software expenses are allowed as revenue expenditure? Software Expenses incurred for Upgradation are Allowed as Revenue Expenditure.

Bar Council eligible for Registration u/s 12AA & Exemption u/s 80G

July 12, 2020 2850 Views 0 comment Print

The issue under consideration is whether the CIT is correct in rejecting the application filed by Bar Council of Delhi seeking registration u/s 12A (a) of the Income Tax Act?

Business Promotion Expenses for Precious items allowed partially considering nexus with Turnover

July 12, 2020 8628 Views 1 comment Print

The issue under consideration is whether AO and CIT(A) are correct in disallowing the Business Promotional Expenditure declared by the assessee?

Stamp Duty to obtain Business Premises on Lease is Revenue Expense

July 12, 2020 17712 Views 0 comment Print

The issue under consideration is whether the stamp duty paid for obtaining the business premises on lease is deductible under section 37 of the Income Tax Act, 1961?

ITAT allows 60% Depreciation on Computer & Related Software

July 9, 2020 7266 Views 0 comment Print

The issue under consideration is whether the depreciation at the rate of 60% will be allowed for computer related software?

LTCG on sale of land- No exemption on failure to establish that land is agricultural

July 8, 2020 1776 Views 0 comment Print

Assessee has not furnished before AO all necessary evidence so as to establish that land in question was agricultural land only as per provisions of sec. 2(14)(iii)(b) of I.T. Act.

Payment of Foreign Agency Commission not liable for TDS in India

July 7, 2020 2403 Views 0 comment Print

The issue under consideration is whether the TDS will be applicable on payment of Foreign Agency Commission?

No section 68 Addition Merely on Suspicion of Accommodation Entry

July 5, 2020 2382 Views 0 comment Print

The issue under consideration is whether the AO is correct in making the addition u/s 68 of the Act for the Advances received for booking of commercial space?

No section 271(1)(c) Penalty for mere claim of expense under different income head

July 5, 2020 2400 Views 0 comment Print

The issue under consideration is whether the AO is correct in levying penalty u/s 271(1)(c) merely because the assessee claimed expenditure under a different head of income?

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