![Partner Entitled to get IT Refund Granted to Firm after its Reconstitution: Calcutta HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Calcutta-High-Court-Taxscan.jpg "Partner Entitled to get IT Refund Granted to Firm after its Reconstitution: Calcutta HC [Read Judgment]")
Partner Entitled to get IT Refund Granted to Firm after its Reconstitution: Calcutta HC [Read Judgment]
A division bench of the Calcutta High Court in Madu Ghosh v. CIT (Admn) held that a partner of a Firm can claim the amount already granted to the said...
![Demonetisation: Calcutta HC directs Govt to Refund of Seized Money in New Currency Notes [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "Demonetisation: Calcutta HC directs Govt to Refund of Seized Money in New Currency Notes [Read Order]")
Calcutta HC upholds the Constitutionality of Provision Mandating Pre-Deposit for Filing Appeal under the West Bengal VAT Act [Read Judgment]
In a recent ruling, the Calcutta High Court held that section 84(1) of the West Bengal Value Added Tax Act, 2003 requiring pre-deposit of 15% of disputed tax for filing appeal is not ultra vires to...
![Calcutta HC upholds the Constitutionality of Provision Mandating Pre-Deposit for Filing Appeal under the West Bengal VAT Act [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Calcutta-High-Court-Tax-Scan.jpg "Calcutta HC upholds the Constitutionality of Provision Mandating Pre-Deposit for Filing Appeal under the West Bengal VAT Act [Read Judgment]")
No Disallowance with respect to Exempt Income can be made if the Securities are held as Stock-in-Trade: Calcutta HC [Read Order]
In CIT v. M/s. G K K Capital Markets (P) Limited, the division bench of the Calcutta High Court held that no disallowance under section 14A r/w Rule 8D can be made with respect to exempt income if...
![No Disallowance with respect to Exempt Income can be made if the Securities are held as Stock-in-Trade: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "No Disallowance with respect to Exempt Income can be made if the Securities are held as Stock-in-Trade: Calcutta HC [Read Order]")
Excess sum received by Assessee due to Fluctuation of Exchange Rates are Capital Receipts, Taxable as Capital gain: Calcutta HC [Read Judgment]
The division bench of the Calcutta High Court, in a recent decision observed that the excess sum received by the assessee due to fluctuation of exchange rates are capital receipts. It was further held...
Confiscation of Smuggled Goods is not a ‘Business Loss’ even if the Assessee is acquitted from Criminal charges: Calcutta HC [Read Judgment]
“Decision of a Criminal Court is not binding in a Civil Action”. The division bench of the Calcutta High Court in a recent decision categorically held that the confiscation of the smuggled goods...
Remuneration received by Sourav Ganguly for Writing Articles, Anchoring TV shows would not attract Service Tax; Calcutta HC [Read Judgment]
“Calcutta High Court also quashes Service Tax demand notice against Former Cricketer Saurav Ganguly”. A single Judge bench of Calcutta High Court recently nullified the Show Cause Notice issued...
![Remuneration received by Sourav Ganguly for Writing Articles, Anchoring TV shows would not attract Service Tax; Calcutta HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Saurav-Ganguly-Tax-Scan.jpg "Remuneration received by Sourav Ganguly for Writing Articles, Anchoring TV shows would not attract Service Tax; Calcutta HC [Read Judgment]")
Income from Letting out the Godown ‘may be’ treated as business income: Calcutta High Court [Read Order]
The Calcutta High Court in a recent ruling opined that the income derived by the assessee by letting out the godown may be treated as a business income. The Court was deciding the appeal filed by the...
Assessment completed against an Amalgamating Company even after Amalgamation is Valid: Calcutta HC [Read Judgment]
evaluationThe Calcutta High Court in a recent ruling validated the assessment order passed by the Income Tax Department against the assessee-company after amalgamation as it was found that the said...