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INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH)
MADHUMITA ROY, Judicial Member, BRAJESH KUMAR SINGH, Accountant Member
DCIT – Appellant
Versus
DLF Limited – Respondent
| Table of Content |
|---|
| 1. cross appeals against cit(a) order on various additions. (Para 1 , 2 , 3) |
| 2. pocm revenue recognition upheld per prior tribunal orders. (Para 4 , 5 , 6 , 7 , 8 , 9) |
| 3. interest deduction u/s 36(1)(iii) allowed for business inventory. (Para 10 , 11 , 12 , 13 , 14 , 15 , 16) |
| 4. section 14a disallowance restricted per prior rulings. (Para 17 , 18 , 19 , 20) |
| 5. rental income reclassified as business income upheld. (Para 21 , 22 , 23 , 24 , 25) |
| 6. aircraft/helicopter expenses allowed for real estate business. (Para 26 , 27 , 28 , 29 , 30) |
| 7. ind-as transition adjustment allowed as revenue-neutral under s.145. (Para 31 , 32 , 33 , 34 , 35 , 36 , 37 , 38 , 39 , 40 , 41 , 42 , 43 , 44 , 45 , 46 , 47 , 48 , 49 , 50 , 51 , 52 , 53 , 54 , 55 , 56 , 57 , 58 , 59 , 60 , 61) |
| 8. no tds required on idc/iac/edc payments to government authorities. (Para 62 , 63 , 64 , 65 , 66 , 67 , 68) |
| 9. revenue appeal dismissed; assessee's remitted for verification. (Para 69 , 70 , 71 , 72 , 73 , 74 , 75 , 76) |
ORDER
PER MS. MADHUMITA ROY – JUDICIAL MEMBER :
The instant cross appeals filed by the respective parties are directed against the order passed by the National Faceless Centre (NFAC), Delhi (‘CIT(A)
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