In a recent ruling, the division bench of the Kolkata ITAT ruled that the retainership fee paid to a person for rendering advisory services on investments cannot be disallowed by invoking section 14A of the Income

Recently in Narayan Rice Mill v. CIT, the division bench of the Kolkata bench of ITAT held that the payments made to WB State Electricity Distribution Company cannot be disallowed by invoking the provisions of

The Income Tax Appellate Tribunal ( ITAT ), Kolkata Bench, has recently, in an appeal filed before it, refused to condone the delay of 927 days in the filing of appeal, on the ground of

The Income Tax Appellate Tribunal ( ITAT ), Kolkata Bench, has recently, in an appeal filed before it, held that addition of deemed rent cannot be made in respect of non- habitable residential flat. The

The Income Tax Appellate Tribunal ( ITAT ), Kolkata Bench, has recently, in an appeal filed before it, refused to condone delay of 329 days on the ground of unavailability of tax consultant and illness

The Income Tax Appellate Tribunal (ITAT), Kolkata Bench, has recently in an appeal filed before it, held that the AO cannot work out disallowance of miscellaneous expenditure on guess work basis. The aforesaid observation was

The Kolkata ITAT recently held that the circulars issued by the Central Board of Direct Taxes (CBDT) is binding on the department and it cannot take a plea that such a circular is not valid

The Income Tax Appellate Tribunal (ITAT), Kolkata Bench, has recently, in an appeal filed before it, held that secondary and higher secondary education cess are part of tax and hence that no deduction is available.

A division bench of the Kolkata ITAT in Dr. B.G. Memorial Trust v. CIT (E), Kolkata, held that though the bogus donation can be a ground for denying exemption under section 11 of the Income

In M/s. Sukumar Dutta versus Income Tax Officer, the Kolkata ITAT recently held that the provisions relating to Tax deduction at source ( TDS) under section 194C of the Income Tax Act are not applicable

A division bench of the Kolkata ITAT, last week dismissed an appeal filed by a Big Four Firm, Pricewaterhouse Coopers Pvt. Ltd wherein the Tribunal confirmed a revision order denying a claim for deduction of

Kolkata ITAT recently held that the expenditure incurred to earn exempt income computed under section 14A of the Income Tax Act could not be added while computing book profit under section 115JB of the Act.

The Income Tax Appellate Tribunal ( ITAT ), Kolkata Bench, has recently while deciding an appeal filed before it, held that excess depreciation claim cannot vitiate the benefit of reduced tax rate u/s 115BAA. The

In a major relief to M/s Birla Corporation Ltd., Kolkata, the Kolkata ITAT held that the amount of compensation paid in connection mining activity by the assesse-Company, for the damaged caused on infringement of land

A division bench of the Kolkata ITAT, recently ruled that the advance amount received by a car dealer for booking by customers without invoice cannot be treated as unexplained cash credit under section 68 of