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

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

Franklin Joshva

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

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

No Disallowance can be made without Rejecting Books of Account: ITAT Deletes ₹63.16 Lakh addition on...

Disallowance Invalid When Amount Not Charged to P&L: ITAT deletes ₹25.55 Lakh WIP Addition Citing...

Purchase of Shares Accepted in Earlier AYs Cannot be Doubted Upon its Sale: ITAT Quashes ₹9.32 Cr...

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...

CIT(A) Must Pass Reasoned Order, Cannot Merely Uphold AO's View: ITAT Restores Rs. 1.86 Cr Addition for Fresh Adjudication [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) set aside the orders of both the Commissioner of Income Tax (Appeals) [CIT(A)] and the Assessing Officer (AO) and remitted the matter...

No Assumption of Jurisdiction allowable for Income Tax Reassessments without issuance of Notice u/s 143(2): ITAT [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that reassessment proceedings initiated without issuance of a mandatory notice under Section 143(2) of the Income Tax Act,...

Income Tax Reassessment Notice u/s 148 against Dead Person is Null and Void: ITAT [Read Order]

The Kolkata Bench Income Tax Appellate Tribunal (ITAT) held that the reassessment proceedings initiated against a deceased person were bad in law and all consequent actions were null and void. ...

No Addition Can Be Made in Completed/Unabated Assessments Without Incriminating Material: ITAT [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax (Appeals) [CIT(A)] order that deleted an addition of Rs. 15,00,000 made under Section 68 of the ...

ITAT Dismisses Income Tax Department's Case for Having Tax Effect Less Than ₹60,00,000: Notes Contravention of CBDT Circular [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal recently dismissed an appeal filed by the Income Tax Department, noting that the appeal had a tax effect of less than ₹60,00,000 and was thus...

Discrepancy Between Purchase Price and Stamp Duty Value of Land u/s 56(2)(x): ITAT Directs AO to Reconsider Using DVO Valuation [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) sets aside the addition of ₹44,95,500 made under section 56(2)(x) of Income Tax Act,1961, on account of the discrepancy between the...