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ITAT Delhi: CPC Cannot Make Adjustment Without Prior Intimation Under Section 143(1)(a) – Brahma Investments I Ltd. vs DCIT
Facts of the
CaseThe assessee, Brahma
Investments I Ltd., a tax resident of Cyprus, filed its return of income on 15.02.2021
declaring total income of ₹1,13,33,890. In the return, the assessee reported a long-term
...
Lex Sportel Vision Pvt. Ltd. vs ITO (ITAT Delhi) – Payment for Live Telecast Rights Not Taxable as Royalty u/s 9(1)(vi); No TDS Liability u/s 195 on “Live Rights”
Facts of the
CaseThe assessee, Lex
Sportel Vision Pvt. Ltd., is engaged in the business of acquiring and
sub-licensing broadcasting rights of various sports events such as cricket,
golf and football. For the Assessme...
ITAT Delhi: Taxation Must Be Based on Actual Income and Not on Hypothetical Computation – GSR Industries vs DDIT
Facts of the
CaseThe assessee, GSR
Industries, a partnership firm incorporated on 1 April 2010, filed its return
of income declaring its business results based on audited accounts. During the
assessment proceedings, ...
Assessment Order Without DIN is Invalid – ITAT Delhi Quashes Order in Gajendra Singh v. DCIT (ITA No. 1556/Del/2021) under Section 119 of the Income-tax Act
Facts of the
CaseThe assessee,
Gajendra Singh, filed appeals before the Income Tax Appellate Tribunal (ITAT),
Delhi Bench, against orders passed by the Commissioner of Income Tax (Appeals)
relating to Assessment Year...
ITAT Delhi: Deduction u/s 54 Allowed Even if New House Registered in Parents’ Name; Cost of Improvement for Residential Property Cannot Be Arbitrarily Disallowed – Rajiv Ghai vs ACIT
Facts of the
CaseThe assessee filed
his return of income declaring total income of ₹41,12,890. During the relevant
assessment year, the assessee sold a residential house situated at Rana Pratap
Marg, Lucknow for a ...
Gyanwati vs ITO – Addition for House Construction Treated as Unexplained Expenditure u/s 69 Remanded as CIT(A) Passed Cryptic and Non-Speaking Order | ITAT Delhi
Facts of the CaseThe assessee filed appeals before the Income Tax Appellate
Tribunal against the orders passed by the Commissioner of Income Tax (Appeals)
for Assessment Years 2006-07 to 2009-10.During the assessment p...
Section 14A & Directors’ Commission Disallowance – Revenue Appeal Dismissed Due to Low Tax Effect under CBDT Circular 17/2019 | DCIT vs. Impulse International Pvt. Ltd. (ITAT Delhi)
Facts of the
CaseThe assessee,
Impulse International Pvt. Ltd., filed its return of income for the Assessment
Year 2006-07. During the assessment proceedings, the Assessing Officer made
certain additions and disallow...
Shyamala Navlaha vs Income Tax Officer (ITO) – ITAT Case Law on Denial of TDS Credit Where Deductor Failed to Deposit TDS
Facts of the
CaseThe assessee
Shyamala Navlaha, an individual, filed her return of income for Assessment Year
2018-19 declaring income from house property and other sources. The assessee
had let out a property and re...
Anuj Kumar Singh vs Assistant Commissioner of Income Tax (ACIT) – ITAT Case Law on Validity of Assessment Order without DIN
Facts of the
CaseThe assessee Anuj
Kumar Singh filed his return of income for the relevant Assessment Year under
the Income-tax Act, 1961. The case was selected for scrutiny and the Assessing
Officer (AO) completed t...
DSI Bridgecon India Pvt. Ltd. vs Assistant Commissioner of Income Tax (ACIT) – ITAT Case Law on Violation of Natural Justice by CIT(A)
Facts of the
CaseThe assessee DSI
Bridgecon India Pvt. Ltd. filed its return of income under the Income-tax Act,
1961 for the relevant assessment year. The Assessing Officer (AO) completed the
assessment and made cer...