Judgement

The ITAT Delhi invalidates reassessment proceedings initiated merely by relying on information received from the CRUI module insight portal without independently examining the facts.

Case Reopening Merely Relying on Information Received from Insight Portal Held Invalid: ITAT

ITAT held that lease rental earned from a commercially exploited complex under a development agreement is taxable as business income and not as income from house property.

ITAT: Lease Rental from Commercial Complex Taxable as Business Income, Not House Property Income

Tribunal deletes additions after finding no evidence beyond investigation reports and third-party allegations.

ITAT Deletes Bogus Purchase and Loan Additions Lacking Evidence.

ITAT Deletes Bogus Purchase and Loan Additions Lacking Evidence

ITAT deletes penalty, holding education cess claim was bona fide and fully disclosed.

ITAT Deletes Penalty on Education Cess Deduction Claimed Bona Fide

The ITAT upholds the commission income addition after finding the assessee facilitated accommodation entry transactions through fund routing.

ITAT Validates Commission Estimation on Funds Routed Through Banking Channels

The ITAT Delhi has upheld the levy of Fringe Benefit Tax on various employee-related expenditures incurred by the assessee company including free or concessional air tickets, hospitality, conveyance, and hotel boarding expenses.

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Case Reopening Merely Relying on Information Received from Insight Portal Held Invalid: ITAT

ITAT: Lease Rental from Commercial Complex Taxable as Business Income, Not House Property Income

ITAT Deletes Bogus Purchase and Loan Additions Lacking Evidence

ITAT Deletes Penalty on Education Cess Deduction Claimed Bona Fide

ITAT Validates Commission Estimation on Funds Routed Through Banking Channels

ITAT Delhi Upholds Fringe Benefit Tax on Employee Travel and Hospitality Expenses And Deletes Penalty