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ITAT Delhi

Proviso to Section 56(2)(vii)(b): Stamp Duty Value on Date of Agreement applies

February 19, 2024 5508 Views 0 comment Print

Explore the details of Shyamkumar Madhavdas Chugh Vs ACIT case at ITAT Delhi. Analysis of additions, considerations, and legal perspectives leading to the verdict.

No Section 194J TDS if Consultancy Charges not exceeds Rs. 30,000: ITAT

February 19, 2024 3957 Views 0 comment Print

Read the full text of ITAT Delhi’s order in Sunil Ghorawat vs ACIT case. Analysis of no TDS on consultancy charges under Sec 194J and short term capital loss disallowance.

Delhi ITAT on Section 54F Deduction & Section 263 Revisional Powers

February 18, 2024 915 Views 0 comment Print

Delhi ITAT addresses Pr.CIT’s revisional order on Section 54F deduction misuse for AY 2017-18 in Anju Ahuja vs PCIT, clarifying legal interpretations.

Sale outside India; No tax liability in India: ITAT Delhi

February 18, 2024 1014 Views 0 comment Print

Read the detailed analysis of the ITAT Delhi order regarding the taxability of income from offshore supplies of plants and equipments in the case of Air Liquide Global EC Germany GMBH Vs ACIT.

No disallowance for not deducting TDS on minimum hotel booking guarantee expense

February 16, 2024 1476 Views 0 comment Print

ITAT Delhi allows Oravel Stays’ appeal against CIT(A)’s order, removing disallowance under section 40(a)(ia) for not deducting TDS on minimum guarantee expense.

Malaysian Airline System Berhad Vs DCIT: Taxability of Services to Indian Airlines

February 15, 2024 627 Views 0 comment Print

Read the detailed analysis of the case between Malaysian Airline System Berhad and DCIT regarding the taxability of services provided to Indian airlines in Malaysia.

Sale of Software License Not Royalty under India-Singapore DTAA: ITAT Delhi

February 15, 2024 690 Views 0 comment Print

ITAT Delhi rules receipts from the sale of software licenses to Pepsico India and ITC Limited not royalty under India-Singapore DTAA. Read the full analysis.

No Tax on Salary for Non-Resident Assessee Rendering Services Outside India: ITAT

February 15, 2024 1098 Views 0 comment Print

Explore the ITAT Delhi ruling on Devi Dayal Vs DCIT regarding taxation of salary earned by a non-resident outside India. Detailed analysis and conclusion provided.

ITAT: Sale of Shares Capital Gains Not Sham, Deletes Section 69A Additions

February 15, 2024 1518 Views 0 comment Print

Delhi ITAT’s landmark ruling in Sarika Bindal vs. ITO establishes that capital gains from share sales cannot be deemed sham, safeguarding taxpayer rights.

Minimal Control Over Penny Stock Companies Does Not Invalidate Income Source

February 14, 2024 708 Views 0 comment Print

Delhi ITAT rules in DCIT Vs Nishit Capinvest Pvt Ltd that meager control over penny stock companies doesn’t question the source of income’s legitimacy.

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