2021-TIOL-1186-ITAT-DEL

GDK Jewels Pvt Ltd Vs ACIT

Whether assessee is entitled to claim set off of the carried forward speculative losses from the business in shares and also derivatives against the speculative profit accounted for in current AY year - YES: ITAT

- Assessee's appeal partly allowed: DELHI ITAT

2021-TIOL-1185-ITAT-DEL

ACIT Vs Countrywide Promoters Pvt Ltd

Whether cash payments which are actually in nature of reimbursements, does not fall within bracket of 'expenditure' u/s 40A(3) - YES: ITAT

- Revenue's appeal dismissed/Assessee's appeal allowed: DELHI ITAT

2021-TIOL-1184-ITAT-DEL

DCIT Vs Lahmeyer International India Pvt Ltd

Whether 10% of total expenditure incurred by the assessee can be disallowed on ad-hoc basis - NO : ITAT

- Revenue's appeal dismissed: DELHI ITAT