ITAT Kolkata Judgments, Orders & News | Income Tax Appellate Tribunal

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ITAT Kolkata

Explore the latest ITAT Kolkata judgments, orders, and appellate decisions on direct tax matters from the Kolkata bench of the Income Tax Appellate Tribunal

Purchases Cannot Be Disbelieved When Books Not Rejected and Payments Made Through Banking Channels: ITAT Deletes ₹12.73 Cr Addition u/s 69C [Read Order]

Akhaigha T Josh

ITAT Deletes ₹12.73 Cr Addition as Purchases Backed by Books, Bank Proofs The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT)...

Extraordinary Delay of 2590 Days without Sufficient Cause Cannot Be Condoned: ITAT Dismisses Appeal...

No Income Tax Leviable on Gift from Brother in Law: ITAT [Read Order]

ITAT dismisses Appeal as Withdrawn after Assessee opts for Settlement of Dispute under DTVSV Scheme...

CBDT Threshold of ₹60 Lakh Leads to Dismissal of Revenue Appeal by ITAT [Read Order]

Navjyoti Education Society’s 80G Approval Dispute Remanded by ITAT for Reconsideration [Read Order]

The bench of the Income Tax Appellate Tribunal, Kolkata, directed the Commissioner of Income Tax (Exemptions) [CIT (Exemptions)], to re-examine the issue concerning a delayed application for...

Assessment Framed Without Jurisdictional Notice u/s 143(2) Invalid: ITAT [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) held that the assessment framed by the Assessing Officer (AO) was invalid and a nullity because the jurisdictional notice under Section ...

Details for MAT Credit u/s 115JAA Available on Assessment Records: ITAT directs to allow ₹12.94 Lakh Credit [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) to allow Minimum Alternate Tax (MAT) Credit amounted to ₹12.94 lakh under section 115JAA of the Income...

No Disallowance can be made without Rejecting Books of Account: ITAT Deletes ₹63.16 Lakh addition on Expenses [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) set aside the confirmation of disallowance made on the expenses amounting to Rs. 63,60,231 and held that no disallowance can be made...

Disallowance Invalid When Amount Not Charged to P&L: ITAT deletes ₹25.55 Lakh WIP Addition Citing 'Presumption' Basis [Read Order]

Axora Resources Limited The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of ₹25,55,776 made on account of unsubstantiated Capital Work-in-Progress (WIP) and held...

Purchase of Shares Accepted in Earlier AYs Cannot be Doubted Upon its Sale: ITAT Quashes ₹9.32 Cr Addition [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that investments accepted as genuine in earlier scrutiny assessments cannot be doubted when the shares are subsequently sold and...

Reassessment Notice u/s 148 Issued after expiry of limitation period: ITAT Quashes Income Tax Notice [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) quashed the reassessment notices issued under Section 148 of the Income Tax act on the legal ground of being barred by limitation.Sanjay...