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Calcutta HC dismisses Appeal against ITAT Ruling after Approval of Resolution Plan by NCLT [Read Order]

In the recent case, the Calcutta High Court dismissed the appeal filed by the Income Tax Department challenging a ruling by the Income Tax Appellate...

Government notifies Income Tax Exemption for UIDAI [Read Notification]

CBDT Exempts West Bengal Transport Workers’ Social Security Scheme from Income Tax u/s 10(46) [Read...

Calcutta HC upholds ITAT's decision quashing Order u/s 263 on MAT Credit and Doubtful Debts: Finds...

Ex-Parte Dismissal without Adjudicating Unexplained Cash Deposits Unsustainable u/s 250(6): ITAT...

Calcutta HC upholds ITAT's deletion of Income Tax Addition u/s 69 of the Income Tax Act due to lack of Direct Evidence against Assessee [Read Order]

The Calcutta HC in a recent case upheld the Income Tax Appellate Tribunal’s ( ITAT ) decision to delete Income tax addition made under section 69 of the Income Tax Act 1961 ( ITA ) due to lack of...

‘Beyond Scope’ of Section 153A: ITAT quashes Assessment Order [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the assessment order passed beyond the scope of Section 153A of the Income Tax Act, 1961. In this case, the deceased...

Receipt of Subscription Amount from Holding Company: Calcutta HC reaffirms Income Tax Addition Deleted by ITAT [Read Order]

The Calcutta High Court recently in a case reaffirmed Income Tax Appellate Tribunal ( ITAT ) deletion of addition made on Income Tax under section 68 of the Income Tax Act 1961. Consequently, the...

Community Service Contributions by Employer as per MOU with Workers Union is Business Expenditure, rules Bombay HC in Relief to Tata Engineering [Read Order]

The Bombay High Court recently ruled that contributions to a public welfare fund, if linked to the assessee's business or resulting in benefits to the business, should be eligible for deduction under...

Non-compliance with Section 151A: Bombay HC quashes Income Tax Notice u/s 148A outside Faceless Assessment by Jurisdictional AO [Read Order]

The Bombay High Court has quashed the entire process undertaken by the Jurisdictional Assessing Officer (AO) under Section 148A outside the faceless mechanism, noting that the scheme notified by the...

Requirement of Filing Audit Report In Form 10B is only Procedural: ITAT grants Income Tax Exemption [Read Order]

In a recent case, the Delhi Bench of the Income Tax Appellate Tribunal ( ITAT) held that the requirement of filing an audit report in Form 10B is only procedural and allowed exemption under Income...

Non-Cooperation in Assessment Proceedings: Calcutta HC grants Appellant Final Opportunity to Substantiate Case under Income Tax Act

The Calcutta High Court in a recent ruling gave the appellant a final opportunity to substantiate their case of non-cooperation in assessment proceedings under the Income Tax Act 1961 ( ITA ) before...

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