June 18, 2026 : In a significant ruling on unexplained cash credits under Section 68 of the Income Tax Act, the Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has granted substantial relief to Palco Tex Feb Limited by Read more…
Tag: ITAT Delhi
June 5, 2026 : The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has dismissed the Revenue Department’s appeal against ANR International Pvt. Ltd., reaffirming that low income reflected in an investor’s income tax return cannot, by itself, justify treating share Read more…
May 29, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has granted substantial relief to PNB Housing Finance Ltd. in a series of income tax appeals involving demonetisation-era cash deposits, Corporate Social Responsibility (CSR) expenditure deductions, Read more…
May 29, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of an expatriate employee working in the United Kingdom, holding that per-diem payments received during an overseas assignment are not taxable in Read more…
May 22, 2026 : The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has ruled in favour of ARVR Education Society and deleted an addition of ₹15.96 crore that had been treated as unexplained cash credits under Section 68 of the Read more…
April 30, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that cash deposits made in the bank account of a separate legal entity cannot be taxed in the hands of an individual merely because Read more…
April 24, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has upheld the deletion of an addition of ₹18.63 crore made under Section 69A of the Income Tax Act, holding that amounts directly paid by subsequent Read more…
April 17, 2026 : The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that a cash receipt arising from a duly substantiated transaction for the sale of agricultural land cannot be taxed as unexplained cash credit under Read more…
April 17, 2026 : The Delhi Bench ‘A’ of the Income Tax Appellate Tribunal (ITAT) has ruled that reassessment proceedings initiated beyond three years cannot be sustained unless the Revenue establishes that the alleged escaped income is represented in the Read more…
April 17, 2026 : The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has upheld the deletion of an addition of ₹10.5 crore made under Section 69A of the Income-tax Act, 1961, reiterating that a statement recorded during search proceedings—if subsequently Read more…