ITAT Kolkata Judgments, Orders & News | Income Tax Appellate Tribunal

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ITAT Kolkata

Explore the latest ITAT Kolkata judgments, orders, and appellate decisions on direct tax matters from the Kolkata bench of the Income Tax Appellate Tribunal

ITAT Deletes S.56(2)(x) Addition, Finds No Basis for Price Suppression in State Govt Sale [Read Order]

Advika Dwivedi

The Kolkata Bench Income Tax Appellate Tribunal (ITAT), set aside an addition made under Section 56(2)(x) of the Income Tax Act, 1961, holding that...

AO Must Re-Examine Income After Considering Stock Records: ITAT Remands Addition Based on Survey...

ITAT Sets Aside ₹6.90 Cr Share Premium Addition for Non-Consideration of Assessee’s Evidence [Read...

Purchases Cannot Be Disbelieved When Books Not Rejected and Payments Made Through Banking Channels:...

Extraordinary Delay of 2590 Days without Sufficient Cause Cannot Be Condoned: ITAT Dismisses Appeal...

No Income Tax Leviable on Gift from Brother in Law: ITAT [Read Order]

In a ruling in favour of the assessee, the Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income Tax (Appeals)'s order, holding that the addition of Rs. 80...

ITAT dismisses Appeal as Withdrawn after Assessee opts for Settlement of Dispute under DTVSV Scheme [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT), dismissed an appeal filed by the assessee, after she chose to settle the dispute under the Direct Tax Vivad Se Viswas (DTVSV) Scheme, 2024....

CBDT Threshold of ₹60 Lakh Leads to Dismissal of Revenue Appeal by ITAT [Read Order]

The bench of the Income Tax Appellate Tribunal, Kolkata, dismissed the Revenue’s appeal on the ground of low tax effect and consequently rendered the cross-objection filed by the assessee...

Navjyoti Education Society’s 80G Approval Dispute Remanded by ITAT for Reconsideration [Read Order]

The bench of the Income Tax Appellate Tribunal, Kolkata, directed the Commissioner of Income Tax (Exemptions) [CIT (Exemptions)], to re-examine the issue concerning a delayed application for...

Assessment Framed Without Jurisdictional Notice u/s 143(2) Invalid: ITAT [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) held that the assessment framed by the Assessing Officer (AO) was invalid and a nullity because the jurisdictional notice under Section ...

Details for MAT Credit u/s 115JAA Available on Assessment Records: ITAT directs to allow ₹12.94 Lakh Credit [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to allow Minimum Alternate Tax (MAT) Credit amounted to ₹12.94 lakh under section 115JAA of the Income...

No Disallowance can be made without Rejecting Books of Account: ITAT Deletes ₹63.16 Lakh addition on Expenses [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) set aside the confirmation of disallowance made on the expenses amounting to Rs. 63,60,231 and held that no disallowance can be made...