![Disallowance made by AO u/s 40(a)(ia) for non-deduction of TDS and recovery of rent from assessee by holding company are not sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Disallowance-AO-non-deduction-of-TDS-and-recovery-of-rent-from-assessee-by-holding-company-sustainable-ITAT-TAXSCAN.jpg "Disallowance made by AO u/s 40(a)(ia) for non-deduction of TDS and recovery of rent from assessee by holding company are not sustainable: ITAT [Read Order]")
Disallowance made by AO u/s 40(a)(ia) for non-deduction of TDS and recovery of rent from assessee by holding company are not sustainable: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that Disallowance made by AO under Section 40(a)(ia) of the Income Tax Act for...
![Short Term Capital Gain disposed off within a Short Span of time will not justify the Gain to be treated as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Short-term-Capital-Gain-Capital-Gain-Short-Span-of-time-Short-term-Capital-Gain-disposed-off-within-a-Short-Span-of-time-will-not-justify-the-gain-to-be-treated-as-Business-Income.jpg "Short Term Capital Gain disposed off within a Short Span of time will not justify the Gain to be treated as Business Income: ITAT [Read Order]")
![Moulds owned by Philips India as a part of block assets for purpose of Business are entitled to Depreciation at 30%: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Moulds-Philips-India-block-assets-purpose-Business-entitled-Depreciation-ITAT-TAXSCAN.jpg "Moulds owned by Philips India as a part of block assets for purpose of Business are entitled to Depreciation at 30%: ITAT [Read Order]")
![AO not justified in comparing market value of land for distress sale, which is less than that of the stamp duty value: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/AO-market-value-land-distress-sale-stamp-duty-value-ITAT-Addition-TAXSCAN.jpg "AO not justified in comparing market value of land for distress sale, which is less than that of the stamp duty value: ITAT deletes Addition [Read Order]")
ITAT directs re-adjudication on Ex parte Order passed without Examining Creditworthiness of Share Applicants [Read Order]
The Kolkata Bench Income Tax Appellate Tribunal (ITAT) directed re-adjudication on ex parte order passed without examining credit worthiness of share applicants. The assessee Goldline...
![ITAT directs re-adjudication on Ex parte Order passed without Examining Creditworthiness of Share Applicants [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-ITAT-directs-re-adjudication-re-adjudication-Order-Examining-Creditworthiness-income-tax-act-taxscan.jpg "ITAT directs re-adjudication on Ex parte Order passed without Examining Creditworthiness of Share Applicants [Read Order]")
![ITAT deletes Income Tax Addition against Jharkhand State Beverages [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/ITAT-Income-Tax-Addition-Income-Tax-Jharkhand-State-Beverages-State-Beverages-Taxscan.jpg "ITAT deletes Income Tax Addition against Jharkhand State Beverages [Read Order]")
Trading Liabilities incurred with Corresponding Purchases cannot be the subject matter of Addition u/s 68: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that trading liabilities incurred with corresponding purchases cannot be the subject matter of addition under section 68 of the...
![Trading Liabilities incurred with Corresponding Purchases cannot be the subject matter of Addition u/s 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Trading-Liabilities-incurred-Corresponding-Purchases-ITAT-TAXSCAN.jpg "Trading Liabilities incurred with Corresponding Purchases cannot be the subject matter of Addition u/s 68: ITAT [Read Order]")
![No Reassessment in absence of failure to fully & truly disclose all material facts: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/No-Reassessment-in-absence-of-failure-to-fully-truly-disclose-all-material-facts-ITAT-TAXSCAN.jpg "No Reassessment in absence of failure to fully & truly disclose all material facts: ITAT [Read Order]")
Income Tax Addition u/s 68 not permissible When Assessee furnished all evidences proving identity and creditworthiness of the Investors: ITAT upholds order of CIT(A)
Income Tax Addition u/s 68 of the Income Tax Act,1961 is not permissible when the assessee furnished all evidence proving the identity and creditworthiness of the investors, the Kolkata Bench of the...
Details and Evidence to prove Identity & Creditworthiness of Share Subscribers submitted, Addition u/s 68 not permissible: ITAT [Read Order]
Details and evidence to prove the identity & creditworthiness of share subscribers were submitted by the assessee, the Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) held that the...
![Details and Evidence to prove Identity & Creditworthiness of Share Subscribers submitted, Addition u/s 68 not permissible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Evidence-prove-Identity-Creditworthiness-ITAT-TAXSACN.jpg "Details and Evidence to prove Identity & Creditworthiness of Share Subscribers submitted, Addition u/s 68 not permissible: ITAT [Read Order]")
GST paid on Sale of byproduct of Coal and total purchase price collected as a middleman cannot be added u/s 68: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal has held that GST paid on the sale of the byproduct of coal and total purchase price collected as a middleman cannot be added u/s 68 of the Income...
![GST paid on Sale of byproduct of Coal and total purchase price collected as a middleman cannot be added u/s 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/GST-Coal-middleman-ITAT-TAXSCAN.jpg "GST paid on Sale of byproduct of Coal and total purchase price collected as a middleman cannot be added u/s 68: ITAT [Read Order]")