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ITAT Kolkata

Delay in Filing Form 10B Does Not Bar Exemption under Sections 11 & 12 of ITA: ITAT [Read Order]

Sneha Sukumaran Mullakkal

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that delay in filing Form 10B does not bar exemption under sections 11 and 12 of...

Slight Delay in Filing Form 67 Cannot Take Away DTAA Benefit: ITAT Grants Relief to Microsoft...

ITAT Holds Corporate Guarantee as International Transaction, Grants Relief to Tega Industries by...

CPC cannot Deny S. 80P Deduction to Cooperatives for AY 2018–19: ITAT clarifies Prima Facie...

ITAT Condones 148-Day Delay, Remands Case to CIT(A) Due to Assessee's Medical Grounds and Legal...

ITAT Deletes ₹1 Crore Addition, Rules Refunded Advances Can't Be Taxed as Income [Read Order]

The Income Tax Appellate Tribunal (ITAT) Kolkata Bench has ruled in favor of Lahoti India Ltd., deleting an addition of ₹1 crore made by tax authorities on advances received by the company. The...

ITAT Orders Recalculation of Presumptive Income u/s 44 After Spotting Turnover Discrepancy [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer to recalculate the taxable income of the appellant under the presumptive taxation scheme of Section 44AD...

ITAT Dismisses Revenue's Challenge on Education Cess Deduction, Case Remanded to CIT(A) for Proper Review [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the appeal filed by the Income Tax Department against AVR Storage Tank Terminals Pvt. Ltd. in a matter concerning...

Unexplained Cash Deposit During Demonetization Added u/s 69A: ITAT Sets Aside CIT(A) Ex-Parte Order [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) set aside the ex-parte order passed by the Commissioner of Income Tax(Appeals)[CIT(A)] concerning the addition of Rs. 12,48,000 as ...

NFAC issues Duplicate of Earlier Order due to Mis-communication: ITAT Sets Aside Order [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) set aside an appellate order passed by the National Faceless Appeal Centre (NFAC), finding it was a duplicate of an earlier order issued...

No Basis for Cooperative Bank Status: ITAT Restores Society Status and Remands Disallowance Matter [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) restored its status as a Cooperative Society under the Income Tax Act, 1961, and set aside the Assessing Officer’s (AO) classification of...

Unexplained Property Purchase of Rs. 58 Lakh Leads to Income Addition: ITAT Sets Aside CIT(A) Order [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) set aside the Commissioner of Income Tax (Appeals)[CIT(A)] order and directed a fresh hearing after the assessee’s unexplained property...