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Income Tax Department conducts searches in Kolkata
The Income Tax Department carried out search and seizure operation on 09.03.2021 on various persons based in Kolkata, engaged in the business of...
![Additions based on estimate basis cannot be sustained in Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/sustained-in-Law-ITAT-Taxsan.jpg "Additions based on estimate basis cannot be sustained in Law: ITAT [Read Order]")
ITAT deletes Addition made on account of Transport Subsidy, Power Subsidy, and Interest Subsidy [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench deleted the addition made on account of Transport Subsidy, Power Subsidy and Interest Subsidy. The assessee, Commercial Iron & Steel...
![ITAT deletes Addition made on account of Transport Subsidy, Power Subsidy, and Interest Subsidy [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/ITAT-Transport-Subsidy-Power-Subsidy-Interest-Subsidy-taxscan.jpg "ITAT deletes Addition made on account of Transport Subsidy, Power Subsidy, and Interest Subsidy [Read Order]")
Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai Bench ruled that excess expenditure incurred by trust in earlier assessment year could be allowed to be set off against income of subsequent years. ...
![Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/expenditure-trust-assessment-year-income-of-subsequent-years-ITAT-Taxscan.jpg "Excess Expenditure incurred by Trust in earlier Assessment Year could be allowed to be set off against Income of subsequent years: ITAT [Read Order]")