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Hindustan Power Projects Pvt. Ltd. vs Pr. CIT – No Disallowance u/s 14A Without Exempt Income | ITAT Delhi Quashes Revision u/s 263
Facts of the
CaseThe assessee, Hindustan Power Projects Pvt. Ltd.,
filed appeals before the Income Tax Appellate Tribunal (ITAT), Delhi Bench
against revisionary orders passed by the Principal Commissioner of Income T...
M/s IREO Private Limited & Ors. vs. CIT (TDS)-1 – Section 263 Invalid When Issue is Debatable & Pending in Appeal | ITAT Delhi
Facts of the
CaseThe assessee companies, engaged in real estate
development, made payments towards External
Development Charges (EDC) to HUDA on behalf of other entities. The
Assessing Officer (AO), based on informat...
M/s IREO Private Limited & Ors. vs CIT (TDS)-1 – ITAT Delhi Quashes Section 263 Revision on EDC Payments to HUDA (TDS u/s 194C vs 194I Issue, Matter Pending before CIT(A))
Facts of the
CaseThe assessee companies were engaged in real estate
business and had made payments towards External
Development Charges (EDC) to HUDA on behalf of other entities. During
TDS verification, it was found...
Remand of Addition under Section 69 due to Lack of Proper Enquiry by CIT(A): ITAT Delhi in DCIT vs. Chaudhary Ventures Pvt. Ltd. (ITA No. 1968/Del/2024)
Remand of Addition under Section 69 due to Lack of Proper Enquiry by
CIT(A): ITAT Delhi in DCIT vs. Chaudhary Ventures Pvt. Ltd. (ITA No.
1968/Del/2024)Facts of the
CaseThe assessee, Chaudhary Ventures Pvt. Ltd.,
is ...
ITAT Delhi: Ex-Parte Assessment u/s 40(a)(ia) Set Aside – Matter Remanded for Fresh Opportunity | Nobel Overseas Ltd vs DCIT
Facts of the CaseThe assessee, Nobel Overseas Ltd., was subjected to
assessment proceedings for A.Y. 2017–18. Due to non-compliance with notices
issued by the Assessing Officer (AO), the assessment was completed ex-p...
Section 69A Addition Deleted: ITAT Delhi Rules WhatsApp Chat Not Sufficient Evidence of Cash Receipt – M/s Atma Ram Amart Nath vs DCIT (AY 2021-22)
Facts of the CaseA search and seizure action under Section 132 was
conducted on the assessee. During post-search analysis, a WhatsApp chat between
the partner of the assessee firm and a representative of M/s Omaxe Ltd....
Condonation of Delay – ITAT Restores Appeal to CIT(A) in Interest of Justice | Sanjay Mittal vs ITO (ITAT Delhi)
Facts of the
CaseThe assessee, Sh. Sanjay Mittal, filed an appeal before the Income Tax Appellate
Tribunal (ITAT) against the order of the CIT(A)/NFAC dated 18.07.2024 for
Assessment Year 2018-19. The assessment proce...
ITAT Delhi: Rejection of Registration u/s 12A Set Aside and Matter Restored to CIT(E) for Fresh Consideration due to Non-submission of Documents – DNightWings Young Foundation vs CIT(Exemption) (ITAT Delhi)
Facts of the CaseThe assessee, DNightWings Young Foundation, filed an application for provisional registration under Section
12A(1)(ac)(vi) of the Income Tax Act, 1961 before the CIT (Exemption), Delhi.The CIT(E)
rejec...
Cash Deposit Addition u/s 69A Partly Sustained – ITAT Delhi Allows Relief Where Deposits Were Explained from Earlier Cash Withdrawals | Amit Duggal vs DCIT (ITAT Delhi)
Facts of the CaseThe assessee deposited ₹4,00,000 in cash in January 2021 in two bank accounts:
₹2,00,000 deposited in ICICI
Bank on 11.01.2021
₹2,00,000 deposited in IndusInd
Bank on 04.01.2021
Du...
ITAT Delhi: Ex-Parte Order of CIT(A) Violating Natural Justice Set Aside – Penalty u/s 271(1)(c) Restored for Fresh Adjudication | Fast Conversion Marketing Solutions Pvt. Ltd. vs DCIT
Facts of the CaseThe assessee, Fast Conversion Marketing Solution Private Limited, filed its
return of income for AY 2016-17
on 17.10.2016 declaring income
of Rs. 1,24,49,670.The assessment was completed under section...