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Assessment under Section 153C Invalid Without Incriminating Material: ITAT Delhi in JSP Projects (P) Ltd. v. DCIT
In JSP Projects (P) Ltd. v. Deputy Commissioner of Income Tax,
Central Circle-13, Delhi (ITAT Delhi, order dated 09 January 2026), the
Delhi Bench of the Income Tax Appellate Tribunal examined the validity of an
asses...
Exemption under Section 10(37) on Compulsory Acquisition of Urban Agricultural Land: ITAT Delhi in ITO v. Dharam Singh
In Income
Tax Officer, Ward-1(1), Faridabad v. Dharam Singh (ITAT Delhi, order dated
09 January 2026), the Delhi Bench of the Income Tax Appellate Tribunal dismissed
the Revenue’s appeal and upheld the grant of exem...
Penalty for Cash Deposits Not Sustainable Once Quantum Explained: ITAT Delhi in Mohd. Javed v. ITO
In
Mohd. Javed v. Income Tax Officer, Ward-48(1), Delhi (ITAT Delhi, order
dated 09 January 2026), the Delhi Bench of the Income Tax Appellate Tribunal
examined the validity of penalties imposed under Sections 271A an...
Reassessment Quashed for Failure to Issue Mandatory Notice under Section 143(2) within Limitation: ITAT Delhi in Agrico Organics Ltd. v. DCIT
The assessee company filed an
appeal against the order dated 19 March 2025 passed by the Commissioner of
Income Tax (Appeals)–29, New Delhi, arising from a reassessment order dated 21
December 2018 passed under sect...
Ex Parte CIT(A) Order Set Aside for Denial of Hearing; Delay Condoned: ITAT Delhi in KRVM Jewels v. ITO
In M/s KRVM Jewels
v. Income Tax Officer, Ward 51(5), Delhi (ITAT Delhi, order dated 09
January 2026), the Delhi Bench of the Income Tax Appellate Tribunal considered
the assessee’s appeal for Assessment Year 2017-1...
Cash Payments Reflected in Seized Documents Taxable as Unexplained Expenditure: ITAT Delhi in Nimbus Projects Ltd. v. DCIT
In Nimbus Projects Limited v.
Deputy Commissioner of Income Tax, Central Circle-II, Noida (ITAT Delhi,
order dated 09 January 2026), the Delhi Bench of the Income Tax Appellate
Tribunal adjudicated appeals for Assessm...
Section 68 Not Applicable to Sales Already Taxed: ITAT Delhi in HB Estate Developers Ltd. Case (DCIT v. HB Estate Developers Ltd)
In
Deputy Commissioner of Income Tax v. HB Estate Developers Ltd. (ITAT
Delhi, order dated 09 January 2026), the Delhi Bench of the Income Tax
Appellate Tribunal dismissed the Revenue’s appeal and upheld the deletio...
Unsecured Loans Not Written Off Cannot Be Taxed as Income under Section 28(iv): ITAT Delhi in DCIT v. Global Emerging Markets India Ltd.
The Income Tax Appellate Tribunal, Delhi Bench,
dismissed the appeal filed by the Revenue and upheld the order of the
Commissioner of Income Tax (Appeals) deleting the addition made under Section
28(iv) of the Income ...
Revision under Section 263 Not Valid on Debatable Issue of Agricultural Income: ITAT Delhi in Prahlad Singh v. PCIT, Rohtak
In Prahlad Singh v. Principal
Commissioner of Income Tax, Rohtak (ITAT Delhi, order dated 09 January
2026), the Delhi Bench of the Income Tax Appellate Tribunal examined the
validity of revisionary proceedings initiat...
Reassessment Quashed for Non-Supply of Relied-Upon Material under Section 148A—Violation of Natural Justice: ITAT Delhi in Ravindra Kumar Gupta v. DCIT
The assessee, an individual, filed an appeal against the order dated 24
February 2025 passed by the National Faceless Appeal Centre, arising from a
reassessment order dated 27 March 2023 passed under sections 147 read ...