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Revision under Section 263 Invalid Where AO Conducted Due Enquiry: ITAT Delhi in J.M. Housing Limited v. Pr. CIT (Central), Kanpur
The
appeal before the Income Tax Appellate Tribunal, Delhi Bench, arose from the
order passed by the Principal Commissioner of Income Tax (Central), Kanpur
under Section 263 of the Income Tax Act, 1961, seeking to rev...
Transfer Pricing on Import of Finished Goods: Resale Price Method Upheld as Most Appropriate Method – ITAT Delhi in Luxottica India Eyewear Pvt. Ltd. vs. ACIT
The
appeal concerned the determination of the arm’s length price (ALP) in
respect of international transactions involving the import of finished goods
by the assesse, a full-fledged distributor engaged in the tradin...
Bogus Purchases Cannot Be Added When Sales Are Undisputed: ITAT Delhi Upholds Deletion of Addition in ACIT vs Indure Pvt. Ltd. (AY 2013-14)
The
present appeal was filed by the Revenue against the order dated 07.08.2024
passed by the Commissioner of Income Tax (Appeals), National Faceless
Assessment Centre, Delhi, arising out of reassessment proceedings un...
Assessment under Section 153A vs Regular Assessment under Section 143(3): ITAT Delhi in Gurucharan Singh Hora v. DCIT on Jurisdiction, Search Assessments, and Addition under Section 69A
The
appeal filed by the assessee for Assessment Year 2020-21 arose from an order
passed by the Commissioner of Income Tax (Appeals) / National Faceless Appeal
Centre, Delhi, confirming an assessment framed under Secti...
Reassessment for AY 2015-16 Beyond 1 April 2021 Held Time-Barred: ITAT Delhi Quashes Notice Under Section 148 Following Supreme Court Ruling in Rajeev Bansal
The
appeal was filed by the assessee against the Final Assessment Order dated 11
March 2025 passed under Section 147 read with Section 144C(13) of the
Income-tax Act, 1961, pursuant to the directions issued by the Dis...
Penalty under Section 270A Cannot Be Sustained on a Charge Different from the One Initiated: ITAT Delhi in Umri Pooph Pratappur Tollway Pvt. Ltd. v. ACIT (AY 2018-19)
The
appeal was filed by the assessee against the order passed by the National
Faceless Appeal Centre (NFAC), Delhi, arising from a penalty order imposed
under Section 270A of the Income-tax Act, 1961 for Assessment Ye...
Reassessment Based on Alleged Accommodation Entries Unsustainable Without Fresh Tangible Evidence: ITAT Delhi in DCIT vs. Apoorva Leasing Finance & Investment Co. Ltd. (AY 2011-12)
The
present appeal before the Income Tax Appellate Tribunal, Delhi Bench, arose
from reassessment proceedings initiated against the assessee company for
Assessment Year 2011-12, wherein the Assessing Officer treated t...
Section 68 Cannot Be Invoked in Firm’s Hands for Capital and Loan Introduced by Identified Partners and Relatives: ITAT Delhi in ACIT vs Gurkirat BPO Services LLP (AY 2017-18)
The
Revenue filed an appeal against the order of the Commissioner of Income Tax
(Appeals), NFAC, Delhi, whereby additions made under Section 68 of the Income
Tax Act, 1961, aggregating to ₹13.16 crore, were deleted....
Religious Trust Entitled to Section 11 Exemption: Donations Cannot Be Treated as Advertisement Income – ITAT Delhi
The assessee, Shri Krishna Janmashtmi Mahotsav Samiti,
is a public charitable trust duly registered under Section 12A and also
approved under Section 80G of the Income-tax Act, 1961. The trust is
primarily engaged in ...
Assessment Order Passed Without Considering Assessee’s Reply Violates Principles of Natural Justice: ITAT Delhi Restores Matter for De Novo Assessment | Royalux Lighting LLP v. Assessment Unit (AY 2022-23)
The appeal was preferred by the assessee against the order
passed by the Commissioner of Income Tax (Appeals), National Faceless Appeal
Centre (NFAC), Delhi, for the Assessment Year 2022-23. The assessee had
originall...