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Cash Sales During Demonetisation Taxable Only on Estimated GP Basis; Section 115BBE Inapplicable: ITAT Delhi in DCIT v. JMK Jewels Pvt. Ltd.
In
Deputy Commissioner of Income Tax v. JMK Jewels Private Limited, the
Delhi Bench of the Income Tax Appellate Tribunal adjudicated cross-appeals
arising from additions made on account of cash deposits during the
de...
Reassessment Quashed for Borrowed Satisfaction and Estimated Additions Deleted: ITAT Delhi in JHS Svendgaard Laboratories Ltd. v. DCIT
In
JHS Svendgaard Laboratories Ltd. v. Deputy Commissioner of Income Tax,
Central Circle-31, New Delhi, the Delhi Bench of the Income Tax Appellate
Tribunal examined the validity of reassessment proceedings initiated ...
Depreciation on BOT Highway Project Allowable Despite Non-Ownership: ITAT Delhi in JCIT v. Gwalior Bypass Project Ltd.
In
JCIT (OSD), Range-10, New Delhi v. Gwalior Bypass Project Ltd., the
Delhi Bench of the Income Tax Appellate Tribunal considered whether
depreciation under Section 32 of the Income-tax Act, 1961 could be allowed on
...
Section 68 Addition on Unsecured Loan Deleted Where Lender’s Assessment Accepted by Revenue: ITAT Delhi in Passion Realtech Pvt. Ltd. v. ACIT
In
Passion Realtech Private Limited v. Assistant Commissioner of Income Tax,
Central Circle-2, Faridabad, the Delhi Bench of the Income Tax Appellate
Tribunal examined the validity of an addition of ₹4.87 crore made...
CIT(A) Order Set Aside for Non-Compliance with Section 250(6) in Alleged Bogus Purchase Case: ITAT Delhi in Bholenath Foods Ltd. v. DCIT
In
Bholenath Foods Limited v. Deputy Commissioner of Income Tax, the Delhi
Bench of the Income Tax Appellate Tribunal examined the validity of an
appellate order confirming addition of ₹1.35 crore on account of alle...
Transfer Pricing Adjustments Deleted Applying Principle of Consistency: ITAT Delhi in DCIT v. Exxon Mobil Lubricants Pvt. Ltd.
In
DCIT, New Delhi v. Exxon Mobil Lubricants Pvt. Ltd., the Delhi Bench of
the Income Tax Appellate Tribunal examined the validity of transfer pricing
adjustments made under Section 92CA of the Income-tax Act, 1961 fo...
Double Disallowance under Section 40(a)(ia) Not Permissible Where Assessee Has Suo Motu Disallowed Expenses: ITAT Delhi in DeliverHealth Services Pvt. Ltd. v. DCIT
In
DeliverHealth Services Private Limited (earlier known as Transcend MT
Services Private Limited) v. Deputy Commissioner of Income Tax, the Delhi
Bench of the Income Tax Appellate Tribunal examined the validity of
d...
Ex-Parte CIT(A) Order Set Aside for Violation of Natural Justice: ITAT Delhi in Berger Becker Coatings Pvt. Ltd. v. DCIT
In
Berger Becker Coatings Private Limited v. Deputy Commissioner of Income Tax,
Circle-4(2), Delhi, the Delhi Bench of the Income Tax Appellate Tribunal
examined the validity of an ex-parte appellate order passed by t...
Rule 86A Cannot Create Negative Balance in Electronic Credit Ledger: Delhi High Court Restricts Blocking of ITC Beyond Available Credit — Best Crop Science Pvt. Ltd. v. Principal Commissioner, CGST, Meerut (W.P.(C) 10980/2024 & Connected Matters | Delhi High Court)
The batch of writ petitions before the Delhi High Court involved a common controversy concerning the scope and limits of powers exercisable under Rule 86A of the Central Goods and Services Tax Rules, 2017. The petitioner...
GST Recovery Stayed During Statutory Appeal Period: Allahabad High Court Quashes Premature Recovery from Electronic Credit Ledger, M/s S.A.B. Engg Works v. State of U.P. (WRIT TAX No. 2254 of 2025)
The writ petition challenged the action of the tax authorities in forcibly recovering the demand amount from the petitioner’s Electronic Credit Ledger and Electronic Cash Ledger under Section 79 of the CGST Act, 2017.T...