ITAT Delhi – smeaccountant

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ITAT Delhi Rules Section 28 Land Acquisition Interest Exempt Under Section 1037

ITAT Delhi confirms that interest received under Section 28 of the Land Acquisition Act forms part of enhanced compensation and qualifies for tax exemption.

Prasenjit Bhowmik September 19, 2026

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Rent Paid for Subletting Income is Deductible Under Section 57: ITAT Delhi Ruling

ITAT Delhi rules that rent, repairs, and caretaker expenses paid to earn subletting income are deductible under Section 57 of the Income Tax Act.

Prasenjit Bhowmik September 10, 2026

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ITAT Delhi Invalidates 2022 Section 148 Notice for Assessment Year 2015-16

Learn how ITAT Delhi recently quashed a Section 148 notice issued in April 2022 for the 2015-16 assessment year, rendering proceedings invalid.

Prasenjit Bhowmik September 6, 2026

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ITAT Delhi Rules Documented Purchases Valid Despite Later GST Cancellation

ITAT Delhi holds that documented purchases cannot be treated as bogus solely due to the subsequent cancellation of the supplier's GST registration.

Prasenjit Bhowmik September 5, 2026

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ITAT Delhi Rules Foreign Life Policy Is Not Undisclosed Asset and Maturity Proceeds Are Exempt

The Income Tax Appellate Tribunal (ITAT) in Delhi has ruled that a foreign life insurance policy acquired while an individual was a non-resident Indian (NRI) does not constitute an undisclosed…

Prasenjit Bhowmik August 15, 2026

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ITAT Delhi Quashes Reassessment Due to Jurisdictional Lapses by Income Tax Officer

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has formally quashed a tax reassessment proceeding in a recent ruling. According to reports, the tribunal determined that the assessing…

Prasenjit Bhowmik August 4, 2026