2023-TIOL-141-ITAT-DEL
Addl.CIT Vs National Fertilizers Ltd
Whether notional interest awarded by International Court of Arbitration, which has now attained finality is hypothetical income which cannot be subjected to tax - YES: ITAT
- Revenue's appeal dismissed: DELHI ITAT
2023-TIOL-140-ITAT-DEL
ACIT Vs Cushman And Wakefield Property Management Services India Pvt Ltd
Whether the Assessee is entitled for deduction u/s. 36(1)(va) of the Act, if the employee's contribution qua 'PF' and 'ESI' is deposited by the Assessee to the respective funds after the due dates prescribed in the respective Acts but before the due date of filing of 'Return of Income' u/s 139 of the Act - YES: HC
- Revenue's appeal dismissed: DELHI ITAT
2023-TIOL-139-ITAT-ALL
Ramachandra Yadav Vs ITO
Whether assessment order passed by AO and upheld by CIT(A) without discussing issues on merits and without giving independent reasoning by way of speaking order, calls for adjudication afresh - YES: ITAT
- Case remanded: ALLAHABAD ITAT
2023-TIOL-138-ITAT-VARANASI
Sita Ram Keshrai Vs DCIT
Whether to consider any expenses being allowable u/s 40A(2), it is precondition that all conditions as stipulated u/s 37 are met, if expense falls u/s 37 - YES: ITAT Whether merely because part of expenses are erroneously allowed by I-T authorities, will not create any vested right in favour of assessee that entire expenses should be allowed - YES: ITAT
- Assessee's appeal dismissed: VARANASI ITAT
