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The ITAT, New Delhi, in Mohammad Saleem v. ITO, Ward 63(3), New Delhi 110002 [ITA No.28/Del/2023 dated June 7, 2023] held that delay of 191 days in filing appeal before the ITAT due to the lack of access to e-mail resulting…
The ITAT, New Delhi in The ACIT, Circle-47(1), New Delhi v. Ashish Bansal dismissed the Appeal of the Revenue Department and held that the Commissioner has correctly deleted the addition made by the AO who merely by comparing industry gross margin and assessee’s gross margin added the differential margin to the income of the assessee without analysing business strategy of the assessee.
The ITAT, New Delhi in ACIT v. Surya Global Steel Tubes Ltd [ITA No. 4778/Del/2016 dated May 09, 2023] has held that no income tax additions can be made when source of investment made against the share capital/ premium/ warrants,…
The ITAT, New Delhi in Reverse Age Health Services Pte Ltd v. DCIT [ITA No.1867Del/2022 dated February 17, 2023] has directed the Revenue Department to delete the disallowance of Short Term Capital Gains (“STCG”) and allow the benefit of the…
The ITAT, Delhi, in ACIT v. Drishti Soft Solutions Pvt. Ltd. [ITA No. 8523/Del/2019 dated February 10, 2023] upheld the order passed by the Commissioner of Income Tax (Appeals) (“CIT(A)”) and dismissed the appeal filed by the Revenue Department and…
The ITAT, Delhi in Smt. Shivani Madan v. ACIT [ITA No. 1642/Del/2020 dated January 5, 2023] has held that the husband and wife will have equal shares in the house property purchased by them as joint owners, wherein, the sale…
Income of the assessee must be taxed in the proper Assessment Year and within the limitation prescribed by the Income Tax Act, 1961. Further held that, the Revenue Department must decide matters on merit in accordance with law and not based on the admission or refusal made by the assessee. Remanded the matter back to the Assessing Officer (“AO”) with a direction to ignore the surrender made during the assessment proceedings and decide the matter on merit.
The payment received in India for providing logistics support services cannot be treated as royalty under Section 9(1)(vi) or fees for technical services under section 9(1)(vii) of the Income Tax Act, 1961 (“the IT Act”).