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6,096 results for “disallowance”+ Set Off of Lossesclear

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Key Topics

Addition to Income77Section 26351Disallowance50Section 143(3)41Section 80I40Deduction33Section 14A27Section 6821Section 144C17Section 153A

MR. NIKHIL SAWHNEY,NEW DELHI vs. ACIT, NOIDA

In the result, appeal of the assessee is dismissed

ITA 1249/DEL/2017[2013-14]Status: DisposedITAT Delhi10 Oct 2025AY 2013-14

Bench: Shri M. Balaganesh & Shri Vimal Kumarmr. Nikhil Sawhney, Vs. Dcit, 17, Sunder Nagar, Central Circle, New Delhi-11003 Noida (Appellant) (Respondent) Pan: Aaups0222Q

For Appellant: Shri Rohit Jain, AdvFor Respondent: Ms. Harpreet Kaur hansra, Sr. DR
Section 10(38)Section 143(3)

disallowance of the appellant's claim regarding set off and carried forward of long-term capital loss of Rs. 1,44,73,463 against

MR. NIKHIL SAWHNEY,NEW DELHI vs. ACIT, NOIDA

In the result, appeal of the assessee is dismissed

Showing 1–20 of 6,096 · Page 1 of 305

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17
Section 153C16
Transfer Pricing12
ITA 1248/DEL/2017[2012-13]Status: Disposed
ITAT Delhi
17 Aug 2020
AY 2012-13

Bench: Shri Bhavnesh Saini & Shri Prashant Maharishimr. Nikhil Sawhney Acit, 17 – Sunder Nagar, Central Circle, Vs. New Delhi – 110 003. Noida. Pan: Aaups0222Q (Appellant) (Respondent)

For Appellant: Shri Rohit Jain, AdvFor Respondent: Ms. Rakhi Vimal, Sr. DR
Section 10(38)Section 143

set off and carry forward of long term capital loss incurred on sale of listed securities holding that merely because the capital gain on sale of STT paid shares was exempt, for such reasons alone, the long term capital loss incurred on sale of STT paid shares cannot be disallowed

JCIT(OSD), CIRCLE -10(1), NEW DELHI vs. H B LEASING & FINANCE COMPANY LIMITED, DELHI

In the result, Appeal of the Revenue is dismissed

ITA 1245/DEL/2025[1988-89]Status: DisposedITAT Delhi07 Nov 2025AY 1988-89

Bench: Shri S. Rifaur Rahman & Shri Yogesh Kumar U.S.Joint Commissioner Of Vs H B Leasing & Finance Income Tax, (Osd), Company Ltd. Circle 10(1), C. R. Building, H-72, Connaught Circus, I. P. Estate, Delhi Connaught Place, Delhi Pan:Aaach0713N Appellant Respondent C.O No. 94/Del/2025 ( In Ita No. 1245/Del/2025 A.Y. 1988-89) H B Leasing & Finance Vs Joint Commissioner Of Income Company Ltd. Tax, Osd, H-72, Connaught Circus, Circle 10(1) Connaught Place, Delhi C. R. Building, I. P. Estate, Pan:Aaach0713N Delhi

Section 132Section 158BSection 245

disallowance of claim of loss can be made, which were duly disclosed by filing the regular returns or shown in regular books of accounts. The main stress of the learned counsel of the assessee was that assessee-company has been maintaining regular books of accounts since the inception of the company and was filing its regular returns before the concerned

OPUS REALITY DEVELOPMENT LTD.,DELHI vs. ACIT, NEW DELHI

In the result, appeal is allowed

ITA 225/DEL/2014[2009-10]Status: DisposedITAT Delhi09 Jun 2016AY 2009-10

Bench: Shri G. D. Agrawal & Smt Suchitra Kamblei.T.A .No.-225/Del/2014 (Assessment Year-2009-10) Opus Reality Development Ltd. Vs Acit Circle-13(1) 404, Roots Tower, New Delhi District Centre, Laxmi Nagar (Respondent) Delhi Aaaco9775H (Appellant)

Section 143(3)Section 14ASection 153(3)Section 154Section 71Section 71(2)

disallowance of professional fee for Rs. 1,00,39,564/-. 4. The Assessing Officer held that business loss has to be set

HEIDELBERG CEMENT INDIA LTD.,GURGAON vs. DCIT, CIRCLE- 2 , GURGAON

In the result, appeal of the assessee is partly allowed

ITA 5823/DEL/2018[2014-15]Status: DisposedITAT Delhi15 May 2024AY 2014-15

Bench: Shri M. Balaganesh & Shri Anubhav Sharmaheidelberg Cement India Ltd, Vs. Dcit, 9Th Floor, Tower-C, Infinity Circle-2, Towers, Dlf, Cybercity, Gurgaon Gurgaon (Appellant) (Respondent) Pan: Aabcm2359J

For Appellant: Shri Harpreet Singh Ajmani, AdvFor Respondent: Mr. Waseem Arshad, CIT(DR)
Section 143(3)Section 71Section 74

set off of loss under the head capital gains overrides section 71 of the Act.” 3. Ground Nos. 1 & 2 raised by the assessee are challenging the action of the ld CIT(A) in confirming the disallowance

CRESTA FUND LIMITED,MAURITIUS vs. DCIT, CIRCLE-1(2)(1), INT. TAXATION, NEW DELHI

In the result, both the appeals are partly allowed for

ITA 752/DEL/2023[2016-17]Status: DisposedITAT Delhi27 Jun 2024AY 2016-17

Bench: Shri Saktijit Dey, Vice- & Shri M. Balaganesh

Section 147Section 148

loss needs to be disallowed. 8. Accordingly the set-off claimed by the assessee of capital loss of Rs. 1,59,59,283/- is being

CRESTA FUND LIMITED,MAURITIUS vs. DCIT, CIRCLE-1(2)(1), INT. TAXAION, NEW DELHI

In the result, both the appeals are partly allowed for

ITA 751/DEL/2023[2015-16]Status: DisposedITAT Delhi27 Jun 2024AY 2015-16

Bench: Shri Saktijit Dey, Vice- & Shri M. Balaganesh

Section 147Section 148

loss needs to be disallowed. 8. Accordingly the set-off claimed by the assessee of capital loss of Rs. 1,59,59,283/- is being

VISHNU KUMAR AGGARWAL,DELHI vs. ITO WARD 46(5), NEW DELHI

In the result, the appeal filed by the assessee is dismissed

ITA 2836/DEL/2019[2015-16]Status: DisposedITAT Delhi18 May 2022AY 2015-16

Bench: Shri C.M. Gargassessment Year: 2015-16 Vishnu Kumar Aggarwal, Vs. Ito, 3762/64, Chawri Bazar, Ward-46(5), New Delhi. New Delhi. Pan: Aarpk3173D (Appellant) (Respondent) Assessee By : None Revenue By : Shri Om Prakash, Sr. Dr Date Of Hearing : 02.05.2022 Date Of Pronouncement : 18.05.2022 Order

For Appellant: NoneFor Respondent: Shri Om Prakash, Sr. DR
Section 43(5)

set off of speculative business loss against income from business and profession for AY 2015-16. The ld. CIT, DR also submitted that the assessee, vide its statement dated 09.11.2017 at para 12 has requested that if, in any case, the speculative business loss is disallowed

OBEROI MOTORS,AMBALA CANTT vs. ACIT, CENTRAL CIRCLE, KARNAL

In the result, appeal of the assessee is allowed in part and for statistical purpose

ITA 3512/DEL/2018[2012-13]Status: DisposedITAT Delhi16 Jul 2021AY 2012-13

Bench: Shri Prashant Maharishi & Shri K.Narasimha Chary

Section 133ASection 147

disallowance of the set off of the business losses would result in the business loss of Rs. 16,74, 747/-before

RAJENDER KUMAR ANAND,GURGAON vs. ITO, WARD- 3(4), GURGAON

In the result, the appeal filed by the Assessee stands allowed

ITA 4305/DEL/2018[2014-15]Status: DisposedITAT Delhi25 May 2022AY 2014-15

Bench: Shri Pradip Kumar Kedia & Shri N.K. Choudhryassessment Year: 2014-15

For Appellant: Sh. Vinod Kumar, CAFor Respondent: Ms.Kajal Singh, Sr. DR
Section 250(6)Section 44ASection 69

disallowing the set off of business loss amounting to Rs.1,49,01,258/-, however, the main grievance of the Assessee

ACIT, NEW DELHI vs. ITALIAN THAI DEVELOPMENT PUBLIC COMPANY, DELHI

In the result, all the appeals of the appellant/revenue are dismissed

ITA 2872/DEL/2024[2020-21]Status: DisposedITAT Delhi18 Jul 2025AY 2020-21

Bench: Shri Brajesh Kumar Singh & Shri Vimal Kumarassessment Year: 2018-19 Assessment Year: 2019-20 Assessment Year: 2020-21 Assessment Year: 2021-22 Assistant Commissioner Of Vs. Italian Thai Development Income Tax Public Company, 301 302 Delhi Tower District Centre Janakpuri, Janakpuri A-3 S.O. Janakpuria-3 West Delhi Pin: 1100 58 Delhi Pan: Aabci2013D (Appellant) (Respondent)

For Appellant: Shri S.R. Wadhwa, Adv. & MsFor Respondent: Shri Rohit Garg, CIT DR
Section 1Section 143(2)Section 143(3)Section 250

disallowing set off of losses of PE with income earned by HO when it has been clearly specified in section

ACIT, DELHI vs. ITALIAN THAI DEVELOPMENT PUBLIC COMPANY, DELHI

In the result, all the appeals of the appellant/revenue are dismissed

ITA 2871/DEL/2024[2019-20]Status: DisposedITAT Delhi18 Jul 2025AY 2019-20

Bench: Shri Brajesh Kumar Singh & Shri Vimal Kumarassessment Year: 2018-19 Assessment Year: 2019-20 Assessment Year: 2020-21 Assessment Year: 2021-22 Assistant Commissioner Of Vs. Italian Thai Development Income Tax Public Company, 301 302 Delhi Tower District Centre Janakpuri, Janakpuri A-3 S.O. Janakpuria-3 West Delhi Pin: 1100 58 Delhi Pan: Aabci2013D (Appellant) (Respondent)

For Appellant: Shri S.R. Wadhwa, Adv. & MsFor Respondent: Shri Rohit Garg, CIT DR
Section 1Section 143(2)Section 143(3)Section 250

disallowing set off of losses of PE with income earned by HO when it has been clearly specified in section

ACIT, DELHI vs. ITALIAN THAI DEVELOPMENT PUBLIC COMPANY, DELHI

In the result, all the appeals of the appellant/revenue are dismissed

ITA 2870/DEL/2024[2018-19]Status: DisposedITAT Delhi18 Jul 2025AY 2018-19

Bench: Shri Brajesh Kumar Singh & Shri Vimal Kumarassessment Year: 2018-19 Assessment Year: 2019-20 Assessment Year: 2020-21 Assessment Year: 2021-22 Assistant Commissioner Of Vs. Italian Thai Development Income Tax Public Company, 301 302 Delhi Tower District Centre Janakpuri, Janakpuri A-3 S.O. Janakpuria-3 West Delhi Pin: 1100 58 Delhi Pan: Aabci2013D (Appellant) (Respondent)

For Appellant: Shri S.R. Wadhwa, Adv. & MsFor Respondent: Shri Rohit Garg, CIT DR
Section 1Section 143(2)Section 143(3)Section 250

disallowing set off of losses of PE with income earned by HO when it has been clearly specified in section

ACIT, NEW DELHI vs. ITALIAN THAI DEVELOPMENT PUBLIC COMPANY, DELHI

In the result, all the appeals of the appellant/revenue are dismissed

ITA 2873/DEL/2024[2021-22]Status: DisposedITAT Delhi18 Jul 2025AY 2021-22

Bench: Shri Brajesh Kumar Singh & Shri Vimal Kumarassessment Year: 2018-19 Assessment Year: 2019-20 Assessment Year: 2020-21 Assessment Year: 2021-22 Assistant Commissioner Of Vs. Italian Thai Development Income Tax Public Company, 301 302 Delhi Tower District Centre Janakpuri, Janakpuri A-3 S.O. Janakpuria-3 West Delhi Pin: 1100 58 Delhi Pan: Aabci2013D (Appellant) (Respondent)

For Appellant: Shri S.R. Wadhwa, Adv. & MsFor Respondent: Shri Rohit Garg, CIT DR
Section 1Section 143(2)Section 143(3)Section 250

disallowing set off of losses of PE with income earned by HO when it has been clearly specified in section

INDER CHAND BAJAJ,DELHI vs. DCIT, CENTRAL CIRCLE-32, DELHI

In the result, all the appeals of the appellant/revenue are dismissed

ITA 2873/DEL/2022[2018-19]Status: DisposedITAT Delhi17 Jan 2025AY 2018-19

Bench: Shri Brajesh Kumar Singh & Shri Vimal Kumarassessment Year: 2018-19 Assessment Year: 2019-20 Assessment Year: 2020-21 Assessment Year: 2021-22 Assistant Commissioner Of Vs. Italian Thai Development Income Tax Public Company, 301 302 Delhi Tower District Centre Janakpuri, Janakpuri A-3 S.O. Janakpuria-3 West Delhi Pin: 1100 58 Delhi Pan: Aabci2013D (Appellant) (Respondent)

For Appellant: Shri S.R. Wadhwa, Adv. & MsFor Respondent: Shri Rohit Garg, CIT DR
Section 1Section 143(2)Section 143(3)Section 250

disallowing set off of losses of PE with income earned by HO when it has been clearly specified in section

PAMAS COMMODITIES PRIVATE LIMITED,NEW DELHI vs. ITO WARD - 19(3), NEW DELHI

In the result, the appeal filed by the assessee is partly allowed

ITA 12/DEL/2021[2011-12]Status: HeardITAT Delhi21 Apr 2022AY 2011-12

Bench: Shri Amit Shukla

For Appellant: Shri Neelesh Kumar Jain, CAFor Respondent: Shri Om Prakash, Senior DR
Section 115BSection 143(3)Section 147Section 148Section 151Section 68Section 69C

disallowed set off from business loss on the ground that it was bogus income which cannot be set-off. The relevant

NEC HCL SYSTEM TECHNOLOGIES LTD.,NEW DELHI vs. ACIT, NEW DELHI

In the result we confirm the finding the of the CIT (A) regarding deletion of disallowance u/s 40a (i) of The Income tax Act of Rs

ITA 5497/DEL/2012[2008-09]Status: DisposedITAT Delhi22 Jan 2016AY 2008-09

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

For Appellant: Shri Ajay Vohra Sr. AdvocateFor Respondent: Shri Anuj Arora, CIT (DR)
Section 10ASection 10A(8)Section 143(2)Section 143(3)Section 40

Disallowance of set off of losses of STPI unit against the profit of non - STPI unit - INR 5.490,557 That

A2Z INFRA ENGINEERING LIMITED,GURGAON vs. DCIT- CENTRAL CIRCLE-2, FARIDABAD

In the result, the appeal of the assessee is allowed

ITA 941/DEL/2019[2011-12]Status: DisposedITAT Delhi28 Mar 2023AY 2011-12

Bench: Shri Pradip Kumar Kedia & Shri Anubhav Sharma

For Appellant: Ms. Ritu Kamal KishoreFor Respondent: Shri P. Praveen Sidharth, CIT-DR
Section 132Section 132(4)Section 153ASection 271(1)(c)Section 274

disallowance. 5.3.3 In the case of DCIT v/s Shree Ram Electrocast (P) Ltd [2017] 84 taxmann.com 63 (Kolkata-Trib), Hon'ble ITAT has held that merely because losses were not allowed to be set

INFRA ENGINEERS LTD.,GURGAON vs. DCIT, CC-2, FARIDABAD

In the result, the appeal of the assessee is allowed

ITA 942/DEL/2019[2012-13]Status: DisposedITAT Delhi28 Mar 2023AY 2012-13

Bench: Shri Pradip Kumar Kedia & Shri Anubhav Sharma

For Appellant: Ms. Ritu Kamal KishoreFor Respondent: Shri P. Praveen Sidharth, CIT-DR
Section 132Section 132(4)Section 153ASection 271(1)(c)Section 274

disallowance. 5.3.3 In the case of DCIT v/s Shree Ram Electrocast (P) Ltd [2017] 84 taxmann.com 63 (Kolkata-Trib), Hon'ble ITAT has held that merely because losses were not allowed to be set

A2Z INFRA ENGINEERING LIMITED,GURGAON vs. DCIT- CENTRAL CIRCLE-2, FARIDABAD

In the result, the appeal of the assessee is allowed

ITA 943/DEL/2019[2013-14]Status: DisposedITAT Delhi28 Mar 2023AY 2013-14

Bench: Shri Pradip Kumar Kedia & Shri Anubhav Sharma

For Appellant: Ms. Ritu Kamal KishoreFor Respondent: Shri P. Praveen Sidharth, CIT-DR
Section 132Section 132(4)Section 153ASection 271(1)(c)Section 274

disallowance. 5.3.3 In the case of DCIT v/s Shree Ram Electrocast (P) Ltd [2017] 84 taxmann.com 63 (Kolkata-Trib), Hon'ble ITAT has held that merely because losses were not allowed to be set