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ITAT - The statement of the partner cannot be the sole criteria for making an addition on account of unexplained marriage expenses.
M/s. Ashok and Co Versus ITO, Ward-24 (2), New Delhi
(2016) TaxCorp(LJ) 11741 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=53701&Category=ITAT&CategoryType=Zip
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ITAT - Refusal to grant registration u/s. 12A and 80G merely because assessee incurred advertisement expenditure for procuring more admission of the students is not correct.
Maa Saraswati Educational Society Versus Commissioner of Income-tax
(2016) TaxCorp(LJ) 11695 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=53599&Category=ITAT&CategoryType=Zip
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ITAT - Before 1-10-2014, AO could not make a reference to valuation officer without rejecting books of account and relying on valuation officer's report addition could not be made under section 69.
Westland Buildtech (P.) Ltd. v. Income-tax Officer, Ward- 18 (3), New Delhi
(2016) TaxCorp(LJ) 11688 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=53583&Category=ITAT&CategoryType=Zip
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ITAT - Originally donation as paid was claimed as expenses but in scrutiny assessment, on being pointed out, deduction u/s 80G was claimed, benefit of deduction allowed.
M/s Stella Industries Ltd. Versus DCIT, Circle 9 (1), New Delhi
(2016) TaxCorp(LJ) 11673 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=53538&Category=ITAT&CategoryType=Zip
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ITAT - Truck union wasn’t assessee’s agent but an agent of the truckers, therefore assessee cannot be allowed benefit of the exception carved out in rule 6DD(k)of the Rules.
Pearl Polymers Ltd. Vs. Deputy Commissioner of Income Tax
(2016) TaxCorp(LJ) 11670 (ITAT-DELHI) · Section. 40A(3)
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ITAT - The renovation made by the assessee company is in the nature of permanent structure by way of Brick Wall partitions, panelling of Aluminium, Flooring etc. which cannot be covered under current repairs and only depreciation can only be allowed.
Ripe Component Technologies Pvt. Ltd. Versus Asstt. Commissioner of Income Tax, Circle- 15 (1), New Delhi
(2016) TaxCorp(LJ) 11651 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=53514&Category=ITAT&CategoryType=Zip
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ITAT - Under charging of interest on excess period of credit allowed to AE for realization of invoices is an international transaction u/s 92B, read with section 92C.
CPA Global Services (P.) Ltd. v. Income-tax Officer, Ward-6(4), New Delhi
(2016) TaxCorp(LJ) 11640 (ITAT-DELHI) · http://taxcorp.in/FileOpenINTL.aspx?ID=10956&Category=INTLDecisions&CategoryType=Zip
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ITAT - A company providing KPO services is not comparable while determining ALP for ITES company.
Actis Global Services (P.) Ltd. v. Income-tax Officer, Ward 1(3), New Delhi
(2016) TaxCorp(LJ) 11626 (ITAT-DELHI) · http://taxcorp.in/FileOpenINTL.aspx?ID=11062&Category=INTLDecisions&CategoryType=Zip
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S. 282: Entire law on pre-requisites for valid service of notice and drawing of a presumption that the notice has been validly served explained
Micro Spacematrix Solution P Ltd vs. ITO
(2016) TaxCorp(LJ) 11594 (ITAT-DELHI) · Section 282
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ITAT - False claim of business expenditure is not a case where the explanation given by assessee was bona fide and there was full disclosure of facts. Penalty u/s 271(1)(c) confirmed.
Hotel Steelwell Pvt. Ltd. (Now known as Campion Properties Ltd.) Versus D.C.I.T., Circle 12 (1) New Delhi
(2016) TaxCorp(LJ) 11580 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=52174&Category=ITAT&CategoryType=Zip
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ITAT - CIT to make suitable amendment in the registration certificate granted to the assessee u/s 12AA so as to make the registration effective from 1st day of the financial year.
Ghaziabad Development Authority, C/o M/s RRA Tax India, New Delhi. Versus Commissioner of Income Tax, Ghaziabad.
(2016) TaxCorp(LJ) 11570 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=52312&Category=ITAT&CategoryType=Zip
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ITAT - CIT (A) has no power to direct the AO to bring to tax a new source of income, which is not considered by the AO in the order appealed against him.
Chhabra Fashion, C/o Kapil Goel Adv. Versus ITO, Ward 26 (2), New Delhi
(2016) TaxCorp(LJ) 11568 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=52318&Category=ITAT&CategoryType=Zip
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ITAT - Penalty u/s 271(1)(c) justified on addition of unexplained sundry creditor of bogus purchases. Non-payment of purchase consideration is a strong circumstance regarding non-genuineness of transactions.
M/s Unicons India (P) Ltd., C/o A.B. Mitra Vesus Income Tax Officer, Ward-18 (1), New Delhi
(2016) TaxCorp(LJ) 11565 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=52325&Category=ITAT&CategoryType=Zip
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ITAT - Presumption u/s. 292C is a rebuttal presumption and is limited to the correctness of the documents found at the time of search or survey, but not extended to be presumed to be the income of the assessee.
M/s HABITAT ROYALE PROJECTS PVT. LTD Versus ACIT, CC-22, NEW DELHI
(2016) TaxCorp(LJ) 11561 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=52308&Category=ITAT&CategoryType=Zip
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ITAT - Addition u/s 68 for the reason that the denomination of notes withdrawn and re-deposited was different is not valid.
Smt. Shveta Aggarwal Versus Income Tax Officer, Ward-20 (4), New Delhi
(2016) TaxCorp(LJ) 11556 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=52264&Category=ITAT&CategoryType=Zip
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ITAT - Disallowance cannot be made by the A.O on the ground that expenses are not authorized by the partnership deed.
Remfry and Sagar Remfry House Versus JCIT, Range-37, New Delhi, DCIT, Range-37 (1), New Delhi and Vica-Versa and ACIT, Circle-37 (1), New Delhi
(2016) TaxCorp(LJ) 11552 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=52249&Category=ITAT&CategoryType=Zip
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ITAT - In case of a “running account” with regular receipt/ payment of money between the assessee and the company, deemed dividend u/s 2(22)(e) will not be applicable.
Shri Satish Kumar Gupta Vs. Assistant Commissioner of Income Tax
(2016) TaxCorp(LJ) 11532 (ITAT-DELHI) · Section. 2(22)(e)
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ITAT - No TDS u/ s 195 on the bank guarantee commission paid to a foreign bank.
DCIT, CIRLCE 14 (1), NEW DELHI Versus M/s POWER MACHINES (INDIA) LTD.
(2016) TaxCorp(LJ) 11501 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=51282&Category=ITAT&CategoryType=Zip
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ITAT - Since the loan money was shown to have been utilized for acquisition of the asset therefore assessee cannot be allowed the repayment of loan as application of the income.
M/s. Shriram Scientific and Industrial Research Foundation Versus JDIT (Exemptions) , Range-II, New Delhi-II
(2016) TaxCorp(LJ) 11478 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=52043&Category=ITAT&CategoryType=Zip
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ITAT - Addition made on the basis of the statement collected at the back of the assessee and the right of cross examination was not provided to him, hence, delete the addition. Addition on account of commission out of accommodation business activities deleted
Atul Kumar Khandelwal Versus DCIT, New Delhi
(2016) TaxCorp(LJ) 11469 (ITAT-DELHI) · http://taxcorp.in/FileOpenDT.aspx?ID=52018&Category=ITAT&CategoryType=Zip
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