![Notional Value of Building under Construction cannot be taken for Determining House Property Income: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Notional-Value-Taxscan.jpg "Notional Value of Building under Construction cannot be taken for Determining House Property Income: Calcutta HC [Read Order]")
Notional Value of Building under Construction cannot be taken for Determining House Property Income: Calcutta HC [Read Order]
Notional ValueIn the case, Income Tax Officer vs. M/s National Engineering, Calcutta High Court recently held that Notional Value of building under...
![Sale consideration of Floor developed under Joint Venture is Not Business Income: Calcutta HC Quashes Addition against Former CBDT Official [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Joint-Venture-Taxscan.jpg "Sale consideration of Floor developed under Joint Venture is Not Business Income: Calcutta HC Quashes Addition against Former CBDT Official [Read Judgment]")
![Provisions of Deemed Dividend not applicable to Current Account Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deemed-Dividends-Taxscan.jpg "Provisions of Deemed Dividend not applicable to Current Account Transactions: ITAT [Read Order]")
Entire Expenditure on an Abandoned Project Development should be Allowed as Deduction: ITAT Kolkata [Read Order]
The ITAT Kolkata, in M/s Royal Calcutta Turf Club v. DCIT, allowed deduction on the entire expenditure on an abandoned project development treating the same as revenue in nature. The bench, while...
![Entire Expenditure on an Abandoned Project Development should be Allowed as Deduction: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Entire Expenditure on an Abandoned Project Development should be Allowed as Deduction: ITAT Kolkata [Read Order]")
Acquittal of CA by ICAI Disciplinary Committee can’t be a Ground for Escaping Prosecution under PMLA: Calcutta HC [Read Judgment]
In a significant ruling, the Calcutta High Court held that the fact that the Chartered Accountant was exonerated from the offence of professional misconduct by the disciplinary committee of the...
Assessee Need not be Intimated at the time of Selection for Audit: Calcutta HC upholds the Vires of S. 43 of WB VAT Act [Read Judgment]
While upholding the vires of section 43 of the West Bengal Value Added Tax Act, 2003, the Calcutta High Court held that a notice need not be issued to assesse at the time of selection for audit under...
![Assessee Need not be Intimated at the time of Selection for Audit: Calcutta HC upholds the Vires of S. 43 of WB VAT Act [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Audit-Tax-Scan.jpg "Assessee Need not be Intimated at the time of Selection for Audit: Calcutta HC upholds the Vires of S. 43 of WB VAT Act [Read Judgment]")
Calcutta HC Confirms Sales Tax Dept’s order Denying Online Generation of C-Forms: Directs Dealer to file C-Forms Manually
In Bhart Sharma v. Deputy Commissioner of Sales Tax & Ors, the Calcutta High Court confirmed the action of the Sales Tax Department denying online generation of C forms. While dismissing a writ...
![Calcutta HC to decide Whether Service Tax is Leviable on Police Activities [Read Petition]](https://www.taxscan.in/wp-content/uploads/2017/07/Kolkata-Police.jpg "Calcutta HC to decide Whether Service Tax is Leviable on Police Activities [Read Petition]")
![Salary received by NRI through NRE Account exempted from Income Tax: Calcutta HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/04/Travel-Abroad-Taxscan.jpg "Salary received by NRI through NRE Account exempted from Income Tax: Calcutta HC [Read Judgment]")