Calcutta HC Refuses to Condone Delay of 1923 Days In Absence of Sufficient Explanation [Read Order]
In a recent case, the Calcutta High Court refused to condone a delay of 1923 days in the absence of sufficient explanation. The bench viewed that...
![Issue of Bogus Loss on Sale of Share does not arise From ITAT Order Challenged in Petition: Calcutta HC dismisses Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/income-Tax-Income-Tax-Order-Issue-of-Bogus-Loss-writ-petition-TAXSCAN.jpg "Issue of Bogus Loss on Sale of Share does not arise From ITAT Order Challenged in Petition: Calcutta HC dismisses Petition [Read Order]")
![Calcutta HC dismisses Appeal against ITAT Ruling after Approval of Resolution Plan by NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-NCLT-NCLT-Resolution-Plan-Calcutta-HC-TAXSCAN.jpg "Calcutta HC dismisses Appeal against ITAT Ruling after Approval of Resolution Plan by NCLT [Read Order]")
Calcutta HC upholds ITAT's decision quashing Order u/s 263 on MAT Credit and Doubtful Debts: Finds no Error in Assessment [Read Order]
In the recent case, the Calcutta High Court,upheld the Tribunal's decision on Minimum Alternate Tax ( MAT ) credit and provisions for doubtful debts, concluding that there were no significant errors...
![Calcutta HC upholds ITATs decision quashing Order u/s 263 on MAT Credit and Doubtful Debts: Finds no Error in Assessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Calcutta-High-Court-ITAT-MAT-MAT-Credit-Error-in-Assessment-Taxscan.jpg "Calcutta HC upholds ITATs decision quashing Order u/s 263 on MAT Credit and Doubtful Debts: Finds no Error in Assessment [Read Order]")
Calcutta HC upholds ITAT's deletion of Income Tax Addition u/s 69 of the Income Tax Act due to lack of Direct Evidence against Assessee [Read Order]
The Calcutta HC in a recent case upheld the Income Tax Appellate Tribunal’s ( ITAT ) decision to delete Income tax addition made under section 69 of the Income Tax Act 1961 ( ITA ) due to lack of...
![Calcutta HC upholds ITATs deletion of Income Tax Addition u/s 69 of the Income Tax Act due to lack of Direct Evidence against Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-Income-tax-act-Income-Tax-Appellate-Tribunal-Calcutta-HC-Section-69-Income-tax-act-taxscan.jpg "Calcutta HC upholds ITATs deletion of Income Tax Addition u/s 69 of the Income Tax Act due to lack of Direct Evidence against Assessee [Read Order]")
Receipt of Subscription Amount from Holding Company: Calcutta HC reaffirms Income Tax Addition Deleted by ITAT [Read Order]
The Calcutta High Court recently in a case reaffirmed Income Tax Appellate Tribunal ( ITAT ) deletion of addition made on Income Tax under section 68 of the Income Tax Act 1961. Consequently, the...
![Receipt of Subscription Amount from Holding Company: Calcutta HC reaffirms Income Tax Addition Deleted by ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Calcutta-High-Court-ITAT-Income-Tax-Income-Tax-Act-income-tax-addition-Section-68-Income-Tax-Act-taxscan.jpg "Receipt of Subscription Amount from Holding Company: Calcutta HC reaffirms Income Tax Addition Deleted by ITAT [Read Order]")
HC Ruling Stayed by SC cannot be used as a Precedent to allow Appeal: Calcutta HC sets aside CESTAT's Order [Read Order]
The Calcutta High Court in a recent case held that High Court Rulings stayed by the Supreme Court cannot be used as a precedent to base decisions as long as the Supreme Court hasn’t delivered its...
![HC Ruling Stayed by SC cannot be used as a Precedent to allow Appeal: Calcutta HC sets aside CESTATs Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Calcutta-HC-Calcutta-High-Court-Calcutta-HC-Sets-SC-Supreme-Court-High-Court-Rulings-CESTAT-taxscan.webp "HC Ruling Stayed by SC cannot be used as a Precedent to allow Appeal: Calcutta HC sets aside CESTATs Order [Read Order]")
Deemed Dividends u/s 2(22)(e) of the Act Taxed only in Shareholders' Hands: Calcutta High Court upholds ITAT Decision [Read Order]
In the recent case, the High Court Of Calcutta, upholding the Income Tax Appellate Tribunal’s ( ITAT ) decision that deemed dividends under Section 2(22)(e) of the Income Tax Act,1961 can only be...
![Deemed Dividends u/s 2(22)(e) of the Act Taxed only in Shareholders Hands: Calcutta High Court upholds ITAT Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Calcutta-High-Court-ITAT-Calcutta-High-Court-upholds-ITAT-Decision-Shareholders-Taxscan.jpg "Deemed Dividends u/s 2(22)(e) of the Act Taxed only in Shareholders Hands: Calcutta High Court upholds ITAT Decision [Read Order]")
Relief Granted to Trust Despite Late Audit Report Submission: Calcutta High Court Upholds ITAT's Decision [Read Order]
In the recent case, the High Court of Calcutta dismissed the revenue petitioner’s appeal challenging the Income Tax Appellate Tribunal’s( ITAT ) decision for assessment year(AY) 2020-21. The Court...
![Relief Granted to Trust Despite Late Audit Report Submission: Calcutta High Court Upholds ITATs Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-ITAT-Calcutta-HC-Income-Tax-Audit-Direct-Taxes-TAXSCAN.webp "Relief Granted to Trust Despite Late Audit Report Submission: Calcutta High Court Upholds ITATs Decision [Read Order]")
Addition u/s 68 of Income Tax Act is invalid as AO fails to Verify Genuineness of Transaction: Calcutta High Court dismiss Appeal [Read Order]
The Calcutta High court dismissed the appeal as it lacked a substantial question of law. The Court found that the addition was made under section 68 of the Income Tax Act, 1961 as the Assessing...
![Addition u/s 68 of Income Tax Act is invalid as AO fails to Verify Genuineness of Transaction: Calcutta High Court dismiss Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Calcutta-High-court-Income-Tax-Income-Tax-Act-section-68-Income-Tax-Act-Genuineness-of-Transaction-taxscan.jpg "Addition u/s 68 of Income Tax Act is invalid as AO fails to Verify Genuineness of Transaction: Calcutta High Court dismiss Appeal [Read Order]")