-
Royalty from BREW operator agreement is not chargeable to tax in the hands of the assessee and also the revenue received under the test tools agreement. We direct the Assessing Officer to delete the impugned additions.
QUALCOM TECHNOLOGIES INC. VERSUS DEPUTY COMMISSIONER OF INCOME-TAX
(2022) TaxCorp(LJ) 28551 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=94323&Category=ITAT&CategoryType=Zip
-
Merely because a liability had become static, it did not imply that the liability ceased to exist or that there was a remission of such liability.
Amsure Insurance Agency Ltd Vs ACIT
(2022) TaxCorp(LJ) 28544 (ITAT-DELHI) · Section 37(1)
-
Following the rule of consistency, no addition can be made for the impugned assessment year, especially when no other corroborative evidence such as bogus purchases bills/bogus expenses or unexplained investment, etc., were found during the course of search.
ASSISTANT COMMISSIONER OF INCOME-TAX VERSUS LEPRO HERBALS PVT. LTD.
(2022) TaxCorp(LJ) 28536 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95962&Category=ITAT&CategoryType=Zip
-
When there are conflicting decisions the view taken in favour of the assessee should be followed is relevant to adjudication of the matter before us.
ICMC PROJECTS PVT. LTD., INDUSTRIAL CONVEYORS PVT. LTD., C/O PAVAN MAHESHWARI & CO., CA VERSUS ITD, CPC, BENGALURU KARNATAKA, ACIT (CPCTDS) , GHAZIABAD
(2022) TaxCorp(LJ) 28534 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95966&Category=ITAT&CategoryType=Zip
-
Payment received by the Swedish company for providing Information Technology services is held not taxable as FTS, by applying restrictive provision of FTS provided in India-Portugal DTAA by invoking MFN clause under India- Sweden DTAA.
Perfetti Van Melle ICT & BV Vs ACIT
(2022) TaxCorp(LJ) 28533 (ITAT-DELHI)
-
The action of the learned Assessing Officer was legal and non-production of the persons summoned had rightly led to the inference that the assessee had routed their own money in the books of accounts through the conduit of investor companies.
Anandtex international P.Ltd Vs ACIT
(2022) TaxCorp(LJ) 28532 (ITAT-DELHI) · Section 68
-
Resort to section 41(1) could arise only if the liability of the assessee has said to have ceased finally without having possibility of reviving it, which is not the case here.
ACIT, CIRCLE 2 GHAZIABAD VERSUS M/S SUPREME CERAMICS LIMITED AND VICE-VERSA
(2022) TaxCorp(LJ) 28530 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95948&Category=ITAT&CategoryType=Zip
-
The CIT(A) has rightly upheld the disallowance made by the A.O. in respect of the claim made by the assessee for deduction of annual of mixed use charges paid by the assessee to Municipal Corporation of Delhi, in respect of the property of the Assessee.
AMAR CHAND GARG VERSUS ACIT, CIRCLE 35 (1) NEW DELHI
(2022) TaxCorp(LJ) 28528 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95954&Category=ITAT&CategoryType=Zip
-
Collection of annual mixed use charges would not make any difference in the annual let out value of the property and thus, the same was not allowable as per the proviso to Section 23(1).
Amar Chand Garg Vs ACIT
(2022) TaxCorp(LJ) 28523 (ITAT-DELHI) · Section 23(1)
-
The Assessing Officer cannot substitute his own value in place of the value determined either on DCF method or NAV method
INTELLIGRAPE SOFTWARE PVT. LTD. VERSUS DCIT, CIRCLE-12 (2) , NEW DELHI
(2022) TaxCorp(LJ) 28509 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95904&Category=ITAT&CategoryType=Zip
-
The benefit provided under the third proviso to section 50C(1) of the Act, should be extended to the assessee, as, ultimately the value determined by the Stamp Valuation Authority has been substituted by DVO's valuation in terms of sub-section (3) of section 50C of the Act.
SMT. KRISHNA YADAV VERSUS INCOME TAX OFFICER, WARD-2 (3) GURGAON
(2022) TaxCorp(LJ) 28507 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95912&Category=ITAT&CategoryType=Zip
-
We do not find any reason to take a view contrary to the one taken by the authorities and we find no option but to confirm the additions.
PRAHLAD SINGH BISHT VERSUS INCOME-TAX OFFICER, WARD 2 (1) , GHAZIABAD
(2022) TaxCorp(LJ) 28490 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95835&Category=ITAT&CategoryType=Zip
-
Subscription charges receivable for Foreign Telecasting Companies (FTCs) shall continue to be taxed in accordance with guidelines prescribed for advertisement revenue.
CABLE NEWS NETWORK INC. VERSUS THE DY. C.I.T., CIRCLE-2 (2) (1) , INTERNATIONAL TAXATION NEW DELHI
(2022) TaxCorp(LJ) 28489 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95842&Category=ITAT&CategoryType=Zip
-
We do not find any infirmity in the order of the Ld. CIT(A).
ASST. COMMISSIONER OF INCOME TAX, CIRCLE-76 (1) , NEW DELHI VERSUS M/S PARSONS BRINCKERSHOFF INDIA PVT. LTD.
(2022) TaxCorp(LJ) 28488 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95851&Category=ITAT&CategoryType=Zip
-
Since the funds were received with permission from RBI, therefore no addition of share premium u/s 68.
Azure Retreat P Ltd Vs The I.T.O
(2022) TaxCorp(LJ) 28476 (ITAT-DELHI) · Section 68
-
The diary does not pertain to the assessee and income does not belong to him in his individual capacity. Since it does not belong to him, it cannot be taxed in his hands.
SHRI OM PRAKASH JAKHOTIA VERSUS ACIT, CC – 26, NEW DELHI.
(2022) TaxCorp(LJ) 28471 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95794&Category=ITAT&CategoryType=Zip
-
Considering agreement with RIC, we are of the considered opinion that RIC does not constitute DAPE of the assessee under the relevant article of the India - USA DTAA.
M/S ESM GROUP INC. VERSUS THE A.C.I.T., CIRCLE-1 (2) (2) , INTERNATIONAL TAXATION NEW DELHI
(2022) TaxCorp(LJ) 28470 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95800&Category=ITAT&CategoryType=Zip
-
Inspection and examination of the goods before shipment is a common practice and it cannot be treated as a technical and managerial service.
Maharashtra Seamless Ltd Vs DCIT
(2022) TaxCorp(LJ) 28468 (ITAT-DELHI)
-
There is nothing on record to rebut the correctness of cash deposited in the bank account held with HDFC bank, the addition sustained by the learned CIT(Appeals) cannot be confirmed.
Naresh Sharma Vs Income-tax Officer
(2022) TaxCorp(LJ) 28459 (ITAT-DELHI) · Section 69C
-
The existence of belief has to be bonafide and has to be based on material which is relevant hence specific in nature. The basis of the belief should be discernable from the facts on record and ascertainable with regard to the escapement of income.
ACIT, CIRCLE, ROHTAK VERSUS SMT. RAVI PARKASH AGGARWAL AND VICE-VERSA
(2022) TaxCorp(LJ) 28457 (ITAT-DELHI) · https://taxcorp.in/FileOpenDT.aspx?ID=95770&Category=ITAT&CategoryType=Zip
Headnote lines are open to everyone. The full headnote and the judgment text open with a subscription — see plans or sign in.