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The Revenue will only enquire the issues which are recorded for selection of the Assessee’s case under limited scrutiny, and thus the PCIT cannot say that Revenue failed to enquire on any other issues.
Naveen Partap Tyagi Vs Pr. CIT
(2022) TaxCorp(LJ) 28124 (ITAT-DELHI)
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Assessee did not have DAPE in India and no income or any disallowance of commission payment by the PE was liable to be attributable in India, even if a DAPE had existed in India.
Mitsui & Co Vs DCIT (International Taxation)
(2022) TaxCorp(LJ) 28123 (ITAT-DELHI)
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Section 14A r.w. Rule 8D of the IT Rules 1962 cannot be interpreted so as to mean that the entire tax exempt income is to be disallowed.
DCIT CIRCLE – 1 (2) , NEW DELHI VERSUS M/S. ACQUIRE SERVICES PVT. LTD.
(2022) TaxCorp(LJ) 28109 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=94869&Category=ITAT&CategoryType=Zip
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Assessing Officer is directed to allow the claimed deduction under sec. 54F of the Act.
MR. YASH SUNEJA VERSUS THE ACIT, CIRCLE – 42 (1) , NEW DELHI.
(2022) TaxCorp(LJ) 28108 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=94879&Category=ITAT&CategoryType=Zip
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The issue of dividend striping u/s 94(7) was never considered by the AO in the course of assessment, thus, the CIT(A) was not vested with the jurisdiction to order the enhancement on the said matter.
Frick India Ltd Vs Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 28107 (ITAT-DELHI) · Section 32(1)(ii)
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AO is directed to treat Assessee’s income as Income from Other Sources and allow depreciation and other expenses u/s 57
Microsoft India (R&D) Pvt. Ltd Vs DCIT
(2022) TaxCorp(LJ) 28084 (ITAT-DELHI)
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Project cost will include the expenditure incurred towards the parking space and hence such expenditure is allowable u/s 37.
Crown International Vs The Assistant Commissioner of Income Tax
(2022) TaxCorp(LJ) 28080 (ITAT-DELHI) · Section 37
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There is substance in the claim of the assessee of having received part/full sale consideration qua sale of the properties in question and the same had wrongly been rejected by the lower authorities.
FAKRUDDIN ALI AHMED VERSUS ITO WARD- 1 (4) GURGAON
(2021) TaxCorp(LJ) 28071 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=94822&Category=ITAT&CategoryType=Zip
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Nowhere in the statute it has been provided that the PAN address will determine the territorial jurisdiction of the AO, the territorial jurisdiction is decided by the CBDT in terms of Section 120.
UV Realtors Pvt. Ltd Vs ACIT
(2022) TaxCorp(LJ) 28070 (ITAT-DELHI)
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In case any part of forfeited amount is received, it shall be taxable in year of receipt.
Amarjeet Kaur Vs ACIT
(2022) TaxCorp(LJ) 28065 (ITAT-DELHI)
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In absence of any adverse material, Revenue could not question the wisdom and business expectancy.
Chadha Power Vs ACIT
(2021) TaxCorp(LJ) 28057 (ITAT-DELHI)
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AO is directed to allow expenditure claimed in the profit & loss account.
DELHI AUTO AND GENERAL FINANCE PRIVATE LIMITED VERSUS DCIT, CIRCLE 7 (1), DELHI
(2021) TaxCorp(LJ) 28043 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=94749&Category=ITAT&CategoryType=Zip
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We uphold the findings of the Ld. CIT(A) and find the grounds of appeal of the Revenue is devoid of any merits.
ITO, WARD-51 (3) , NEW DELHI VERSUS RAKESH RELAN, PROPRIETOR OF HB RELAN & CO.,
(2021) TaxCorp(LJ) 28036 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=94743&Category=ITAT&CategoryType=Zip
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Assessee’s wife was entitled to 500 grams of jewellery, source of which was presumed to be explained and thus, no addition for the same could be sustained.
Suresh Bansal Vs DCIT
(2021) TaxCorp(LJ) 28014 (ITAT-DELHI)
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Conversion of advances receivable from sister concern to debentures does not amount to diversion of funds.
G.S. Pharmbutor P. Ltd Vs Addl.CIT
(2021) TaxCorp(LJ) 28013 (ITAT-DELHI)
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Merely because the accounts were audited after grant of registration u/s 12AA of the Act under the peculiarity of the present case, would not ipso facto vitiate the authenticity of the accounts so furnished before the Revenue.
Hardayal Charitable & Educational Trust Vs DCIT
(2021) TaxCorp(LJ) 28012 (ITAT-DELHI)
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The expenses incurred in connection with the issue of shares to increase the share capital with the object of enhancement of capital to have more working funds would be treated as revenue expenditure.
PC Jewellers Ltd Vs ACIT
(2021) TaxCorp(LJ) 27966 (ITAT-DELHI) · Sections 37(1), 35D
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Since amendment of Finance Act 2014 did not specifically state that it had retrospective effect, it would be applicable prospectively.
Aleo Manali Hydro Power Pvt. Ltd Vs Income-tax Officer(TDS)
(2021) TaxCorp(LJ) 27965 (ITAT-DELHI) · Section 201(3)
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The CIT(A)’s order is being upheld, and interest, depreciation and other expenses are being allowed as business expenses.
Ruchi Malls Pvt. Ltd Vs ACIT
(2021) TaxCorp(LJ) 27964 (ITAT-DELHI)
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The word received mentioned in Section 153(2A) has to be construed as having knowledge, therefore, the remaining effect should also have been given on or before Mar 31, 2016.
Qualcomm Incorporated USA Vs The Dy. C.I.T
(2021) TaxCorp(LJ) 27962 (ITAT-DELHI) · Section 153(2A)
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