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
![Addition of LTCG and Unsecured Loans Due to Lack of Documentation: ITAT Remands Matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-Kolkata-LTCG-addition-unsecured-loans-lack-of-documentation-ITAT-remands-AO-review-Section-68-of-Income-Tax-Act-Section-68-Income-Tax-Appellate-Tribuna-Income-Tax-taxscan.jpg "Addition of LTCG and Unsecured Loans Due to Lack of Documentation: ITAT Remands Matter to AO [Read Order]")
Addition of LTCG and Unsecured Loans Due to Lack of Documentation: ITAT Remands Matter to AO [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal(ITAT) remanded the matter to Assessing Officer (AO) involving additions of Rs. 91,26,731 as...
![Income Tax Annual Digest 2024: ITAT Cases [Part 30]](https://www.taxscan.in/wp-content/uploads/2025/01/Income-Tax-Annual-Digest-2024-ITAT-Cases-Part-30-taxscan.jpg "Income Tax Annual Digest 2024: ITAT Cases [Part 30]")
![Genuineness of Share Capital: ITAT quashes Rs. 2.62 Crore Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/share-capital-ITAT-Section-68-ITAT-Quashes-taxscan.jpg "Genuineness of Share Capital: ITAT quashes Rs. 2.62 Crore Addition u/s 68 [Read Order]")
![Additions u/s 68 & 69A made without Examining Books of Accounts: ITAT remands case for Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Sections-68-Income-Tax-Act-Examining-Books-of-Accounts-Books-of-Accounts-taxscan.jpg "Additions u/s 68 & 69A made without Examining Books of Accounts: ITAT remands case for Reassessment [Read Order]")
![Procedural delay in filing form 67 cannot override objectives of DTAA: ITAT directs to grant FTC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Delay-in-Filing-form-67-Foreign-tax-credit-taxscan.jpeg "Procedural delay in filing form 67 cannot override objectives of DTAA: ITAT directs to grant FTC [Read Order]")
ITAT remands Case Back to AO for Re-Assessment, due to Lack of Proper Procedure in Capital Gains Adjustment [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case of the assessee to the Assessing Officer ( AO ) for reassessment of the capital gain, highlighting the failure to follow...
![ITAT remands Case Back to AO for Re-Assessment, due to Lack of Proper Procedure in Capital Gains Adjustment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Capital-Gain-Income-Tax-Appellate-Tribunal-ITAT-on-Lack-of-Procedure-in-Capital-Gains-taxscan.jpg "ITAT remands Case Back to AO for Re-Assessment, due to Lack of Proper Procedure in Capital Gains Adjustment [Read Order]")
Contributions to approved Superannuation Fund deductible u/s 36(1)(iv) of Income Tax if within Prescribed Limits: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) held that contributions to approved superannuation fund were deductible if it was made within prescribed limits of under section 36(1)(iv)...
![Contributions to approved Superannuation Fund deductible u/s 36(1)(iv) of Income Tax if within Prescribed Limits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Contributions to approved Superannuation Fund deductible u/s 36(1)(iv) of Income Tax if within Prescribed Limits: ITAT [Read Order]")
Only Exempt Income-Yielding Investments to be Considered for S.14A disallowance: ITAT directs for recalculation [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) held that disallowance under section 14A of the Income Tax Act should be made only on exempt income-yielding investments. The tribunal...
![Only Exempt Income-Yielding Investments to be Considered for S.14A disallowance: ITAT directs for recalculation [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-section-14A-of-the-Income-Tax-Act-income-yielding-investments-taxscan.jpg "Only Exempt Income-Yielding Investments to be Considered for S.14A disallowance: ITAT directs for recalculation [Read Order]")
ITAT upholds AO's Disallowance of STCL Due to Adjustment already made in Previous AY but Deletes Penalty Citing Lack of Justification [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) upheld the disallowance of short-term capital loss which was already adjusted in the previous assessment year (AY) but deleted the penalty...
![ITAT upholds AOs Disallowance of STCL Due to Adjustment already made in Previous AY but Deletes Penalty Citing Lack of Justification [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Upholds-STCL-AOs-Disallowance-STCL-Due-to-Adjustment-Income-Tax-Appellate-Tribunal-previous-assessment-year-Commissioner-of-Tax-Taxscan.jpg "ITAT upholds AOs Disallowance of STCL Due to Adjustment already made in Previous AY but Deletes Penalty Citing Lack of Justification [Read Order]")
ITAT Relieves Cooperative Society of ₹1 Crore Penalty u/s 271E for Loan Repayment in Cash [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the decision of Commissioner of Income Tax (Appeals),CIT(A), against the appeal filed by Revenue against relieving the penalty under...
![ITAT Relieves Cooperative Society of ₹1 Crore Penalty u/s 271E for Loan Repayment in Cash [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Income-Tax-Appellate-Tribunal-Cooperative-society-TAXSCAN.jpg "ITAT Relieves Cooperative Society of ₹1 Crore Penalty u/s 271E for Loan Repayment in Cash [Read Order]")
AO fails to convert Limited Scrutiny to Complete, Any Addition made outside prescribed scope is invalid: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) held that the Assessing Officer ( AO ) cannot examine any other issue in Limited scrutiny except for which it was notified and any...
![AO fails to convert Limited Scrutiny to Complete, Any Addition made outside prescribed scope is invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Invalid-additions-outside-scrutiny-scope-taxscan.jpg "AO fails to convert Limited Scrutiny to Complete, Any Addition made outside prescribed scope is invalid: ITAT [Read Order]")