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.
Benefits of Ss 12A and 80G cannot be allowed if there is no charitable activity and assessee undertakes only commercial activity
Depreciation can be allowed even if the machinery is not put to use
Claiming of deduction with full disclosure on a debatable issue while filing ROI, penalty not warranted
Deduction u/s 10A allowable where HR Services were provided in the process of providing customized electronic data was exported to USA
Assessee is entitled to deduction 43B based on the tax audit report even though no supporting evidence for payment was produced before the AO
Transfer pricing – Internal comparability to be given preference over external comparables
No penalty on taxation of ESOP when only CBDT Circular was there on its taxation
When assessee has made surrenders in the previous years, then AO can not make addition by treating the cash deposited in banks as undisclosed
For the levy of FBT, the application of s 115WC(2)(b) cannot be restricted only to the business relating to civil construction and it will cover the business activity of the assessee carried on
Depreciation on pre-operative expenses allocated to fixed assets is allowable under s 32 since expenses were incurred for setting up of fixed assets during the trial run
Loss making companies cannot be rejected as comparables simplicitor on ground of losses but can be excluded on other comparability aspects
Essential to prove involvement in physical activities of erection and commissioning of power project to be taxed under special provisions
Supply of spares used in prospecting for, or extraction or production of mineral oils in turnkey contract – whether eligible for presumptive taxation
Sharp Business Systems (India) Ltd. vs. DCIT (ITAT Delhi)
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.
