![Rs.52.25 Lakh Addition u/s 69A for Unaccounted Fees: ITAT Orders Deletion Due to Evidence of Proper Accounting [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-ITAT-Orders-Deletion-Unaccounted-Fees-Evidence-of-Proper-Accounting-taxscan.jpg "Rs.52.25 Lakh Addition u/s 69A for Unaccounted Fees: ITAT Orders Deletion Due to Evidence of Proper Accounting [Read Order]")
Rs.52.25 Lakh Addition u/s 69A for Unaccounted Fees: ITAT Orders Deletion Due to Evidence of Proper Accounting [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) ordered deletion of Rs.52.25 Lakh addition under section 69A of Income Tax Act,1961 for...
![Loan Interest Deduction u/s 48 of Income Tax Valid Despite Prior Claim u/s 24(b), Amendment to S. 48 Effective from AY 2024-25: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Income-Tax-Deduction-TAXSCAN.jpg "Loan Interest Deduction u/s 48 of Income Tax Valid Despite Prior Claim u/s 24(b), Amendment to S. 48 Effective from AY 2024-25: ITAT [Read Order]")
![ITAT Restores Trusts Corpus Donations Case for Fresh Hearing Over Notice and Email ID Issues [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/TAT-Corpus-Donations-Case-Trust-Donations-Tax-Corpus-Donation-Tax-ITAT-Kolkata-Trust-Case-taxscan.jpg "ITAT Restores Trusts Corpus Donations Case for Fresh Hearing Over Notice and Email ID Issues [Read Order]")
![ITAT quashes Reassessment Notice u/s 148 issued beyond the statutory time frame [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Section-148-Income-Tax-Act-Reassessment-notice-taxscan-1.jpg "ITAT quashes Reassessment Notice u/s 148 issued beyond the statutory time frame [Read Order]")
![Loss on Sale of Shares on Stock Exchange can be Set Off Against LTCG from sale of Unlisted Shares If STT duly Paid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Stock-exchange-loss.jpg "Loss on Sale of Shares on Stock Exchange can be Set Off Against LTCG from sale of Unlisted Shares If STT duly Paid: ITAT [Read Order]")
AO fails to verify Genuineness of Credible Information before issuing Notice: ITAT quashes Notice u/s 148 of Income Tax Act [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) quashed the notice issued under Section 148 of the Income Tax Act, 1961 as the Assessing Officer failed to verify the genuineness of...
![AO fails to verify Genuineness of Credible Information before issuing Notice: ITAT quashes Notice u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Kolkatha-ITAT-quashed-the-notice-issued-under-Section-148-of-the-ITA-AO-Fails-to-verify-Genuineness-taxscan.jpg "AO fails to verify Genuineness of Credible Information before issuing Notice: ITAT quashes Notice u/s 148 of Income Tax Act [Read Order]")
![Section 194C is not applicable on payments made by assessee Unless a charge is being determined: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Kolkata-Income-tax-appellate-tribunal-Section-194C-Income-tax-taxscan.jpg "Section 194C is not applicable on payments made by assessee Unless a charge is being determined: ITAT [Read Order]")
AO Fails to Probe Evidence, Relies Solely on Non-Production of Directors of Subscribing Companies: ITAT Deletes Section 68 Addition [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the Section 68 addition under Income Tax Act, 1961, noting that the Assessing Officer ( AO ) failed to investigate the evidence...
Passing Intimation u/s 143 without Reasonable Opportunity to Taxpayer Deemed Unlawful: ITAT against AO [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that passing intimation under Section 143 of the Income Tax Act, 1961 without affording the taxpayer a reasonable opportunity is...
![Passing Intimation u/s 143 without Reasonable Opportunity to Taxpayer Deemed Unlawful: ITAT against AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Passing-Intimation-Reasonable-Opportunity-Taxpayer-itat-taxscan.jpg "Passing Intimation u/s 143 without Reasonable Opportunity to Taxpayer Deemed Unlawful: ITAT against AO [Read Order]")
Penalty u/s 271(1) shall be Calculated Based on Additions Made to Income Disclosed in ITR u/s 139(1) of Income Tax Act : ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has deleted the penalty under Section 271(1) of the Income Tax Act, 1961, stating that penalties shall be calculated based on additions...
![Penalty u/s 271(1) shall be Calculated Based on Additions Made to Income Disclosed in ITR u/s 139(1) of Income Tax Act : ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Kolkata-Income-Tax-ITR-Income-Tax-Return-TAXSCAN.jpg "Penalty u/s 271(1) shall be Calculated Based on Additions Made to Income Disclosed in ITR u/s 139(1) of Income Tax Act : ITAT [Read Order]")
Inappropriate use of discretionary powers by the Income Tax Department under Section 68 of the Income Tax Act: ITAT dismisses appeal [Read Order]
The Kolkata bench of the Income Tax Appellate Authority rejected revenue’s case for filing an appeal against the decision on CIT(A) for taxing the assessee under Section 68 of the Income Tax...
![Inappropriate use of discretionary powers by the Income Tax Department under Section 68 of the Income Tax Act: ITAT dismisses appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Income-Tax-Department-ITAT-Kolkata-Income-Tax-Revenue-case-rejection-Assessee-taxation-ITAT-appeal-dismissal-taxscan.jpg "Inappropriate use of discretionary powers by the Income Tax Department under Section 68 of the Income Tax Act: ITAT dismisses appeal [Read Order]")
Revisionary Order passed u/s 263 in Name of Non-Existent Entity is Void Ab-Initio and can't give rise to any Valid Collateral Proceeding: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the revisionary order passed under Section 263 of the Income Tax Act, 1961 in the name of a non-existent entity is void ab...
![Revisionary Order passed u/s 263 in Name of Non-Existent Entity is Void Ab-Initio and cant give rise to any Valid Collateral Proceeding: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Revisionary-Order-Collateral-ITAT-ITAT-Kolkata-Collateral-Proceeding-Non-Existent-Entity-Void-Ab-Initio-taxscan.jpg "Revisionary Order passed u/s 263 in Name of Non-Existent Entity is Void Ab-Initio and cant give rise to any Valid Collateral Proceeding: ITAT [Read Order]")