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.
Sharp Business Systems (India) Ltd. vs. DCIT (ITAT Delhi)
Transfer pricing – Operating profit of different STP units rendering identical services to related parties should not be considered on a stand-alone basis for computing ALP
Car expenses incurred for the personal use of directors of the company in accordance with the terms and conditions of service were allowable as business expenditure
Exemption u/s. 54F & purchase of share of husband in plot
Retrospective or prospective applicability of a provision cannot be decided simply on the basis of the view taken by CBDT ignoring the plain statutory language
No penalty If facts clearly disclosed in Income Tax Return
Assessee entitled to depreciation on assets which were in its possession and it cannot be denied merely on the ground that the registration formalities were pending
S. 194C(2) No TDS on freight paid to lorry owners who merely placed the vehicles at assessee disposal & never involved themselves in work to be carried out by assessee for FCI
Expenses incurred on recruitment and training of employees can not be held capital merely because assessee may earn benefits of enduring nature
When the issue of siphoning off of funds is settled by the CIT(A), review proceedings u/s 263 cannot be initiated
When assessee submits the relevant details in respect of share application money such as PAN Number, confirmation and the bank particulars it can be said that the assessee has discharged its burden
CA’s certificate in place of original tax challan not sufficient to prove that payment was deposited
Even if offshore supply not taxable, software embedded in offshore supply can be taxable
If assessee opts not to claim exemption under s 10A(8) in one year, it cannot be denied exemption in future provided it fulfils all the conditions of s 10A
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.
