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Delhi ITAT Rules MEIS Reward as Capital Receipt and Not Taxable Income
Delhi ITAT classifies MEIS rewards as capital receipts, excluding them from taxable income and book profits while deleting section 14A disallowance.
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Delhi ITAT Limits Bogus Purchases Addition Under Section 69C to Rs 6 Lakh
Learn how the Delhi ITAT restricted a bogus purchase addition under Section 69C to Rs 6 lakh after accepting corresponding sales.
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Delhi ITAT Rules Payment Gateway Charges Exempt From TDS Under Section 194H
Delhi ITAT rules payment gateway charges are service fees rather than commissions, exempting them from Section 194H TDS without a principal-agent nexus.
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Delhi ITAT Confirms Section 87A Rebate Applicability on Section 111A Gains for AY 2025-26
Delhi ITAT rules that the Section 87A rebate covers Section 111A short-term capital gains for assessment year 2025-26, deeming future restrictions prospective.
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Delhi ITAT Quashes Assessment for No Fresh Section 143(2) Notice After Jurisdiction Change
Delhi ITAT quashed a tax assessment because the new officer failed to issue a mandatory Section 143 2 notice after a jurisdiction change.
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Delhi ITAT Quashes Reassessment for Granting Less Than Mandatory Seven Days’ Time Under Section 148A(b)
The Delhi ITAT quashed a tax reassessment because the authority failed to give the taxpayer the mandatory seven-day response time under Section 148A.