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.
No Disallowance u/s. 14A of interest on borrowed funds if AO does not show nexus between borrowed funds and tax-free investment
Exception provided in both the provisos of s. 92C(2) with regard to the +/- 5 Percent variation applies only when more than one price is determined
Payment for warding off competition in business even to a rival dealer will constitute capital expenditure and to hold them capital expenditure it is not necessary that non-compete fee is paid to create monopoly rights
When assessee makes a provision of interest in its account, in account of creditor, provisions of section 194A would be applicable
Section 14A law laid down in Minda Investments cannot be followed as in the later decisions similar matters have been restored to the file of the AO
Disallowance U/s. 14A Read with Rule 8D- onus on Assessing Officer to show nexus between expenditure and tax-free income
Tax borne by employer on perquisites of employees would constitute non-monetary benefit and is exempt u/s 10(10CC)
Captive service provider cannot be compared with Infosys Technologies Limited- Delhi ITAT
Pass-through costs (paid to third party vendors) not to be included in cost base for determining net profit margin
From assessment year 2001-02, provision for bad debts is to be added in book profit while computing book profit u/s 115JB
Taxability of benefit of waiver of loans and unpaid interest for borrower
Transfer pricing adjustment can be made only to the international transactions
If no expenditure has been incurred to exempt income no disallowance under section 14A can be made
Section 35D of Income-tax Act – Premium collected by assessee on issue of its share capital has to be excluded for purpose of determining amount of capital employed in business of company while computing deduction under section 35D(3)
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.
