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
![Unexplained Cash Credit During Demonetization Period: ITAT upholds CIT(A) Deletion [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Unexplained-Cash-Credit-taxscan.jpg "Unexplained Cash Credit During Demonetization Period: ITAT upholds CIT(A) Deletion [Read Order]")
Unexplained Cash Credit During Demonetization Period: ITAT upholds CIT(A) Deletion [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal(ITAT) upheld the CIT(A)'s decision to delete the addition of unexplained cash credit during the...
![No Concealment of Income Found: ITAT Sets Aside Penalty u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/No-Concealment-of-Income-ITAT-Income-Tax-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Income-Tax-Act-assessment-under-Section-147-Taxscan.jpg "No Concealment of Income Found: ITAT Sets Aside Penalty u/s 271(1)(c) of Income Tax Act [Read Order]")
![AO issued Penalty Notice without Specifying Offense of Concealment or Inaccurate Particulars as Mandated u/s 271(1)(c): ITAT quashes Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Offense-of-Concealment-AO-Issued-ITAT-Quashes-Order-ITAT-Kolkata-Inaccurate-Particulars-Quashes-Order-Penalty-Notice-Issued-Penalty-taxscan.jpg "AO issued Penalty Notice without Specifying Offense of Concealment or Inaccurate Particulars as Mandated u/s 271(1)(c): ITAT quashes Order [Read Order]")
![ITAT sets aside Income Tax Addition due to lack of proper persuasion before Authorities, directs Re examination of Egg Traders Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Addition-lack-of-proper-persuasion-Authorities-Re-examination-Egg-Traders-Account-taxscan.jpg "ITAT sets aside Income Tax Addition due to lack of proper persuasion before Authorities, directs Re examination of Egg Traders Account [Read Order]")
![ITAT deletes Rs. 19.6 Lakh Addition for AY 2018-19, applying Retrospective 10% Safe Harbour Limit based on Curative Amendment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-AY-2018-Retrospective-Safe-Harbour-Curative-Amendment-taxscan.jpg "ITAT deletes Rs. 19.6 Lakh Addition for AY 2018-19, applying Retrospective 10% Safe Harbour Limit based on Curative Amendment [Read Order]")
ITAT sets aside CIT(A) Order in Unexplained Income Case Involving Suspicious Mother-Son Transaction [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) has set aside the order of the Commissioner of Income Tax -Appeals [CIT-A] and remanded the case back to the CIT for fresh adjudication,...
![ITAT sets aside CIT(A) Order in Unexplained Income Case Involving Suspicious Mother-Son Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Income-Tax-unexplained-income-case-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "ITAT sets aside CIT(A) Order in Unexplained Income Case Involving Suspicious Mother-Son Transaction [Read Order]")
![Late Filing of Form 67 Cannot Override Rights under DTAA: ITAT Allows FTC Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-Income-Tax-Appellate-Tribunal-ITAT-Kolkata-FTC-Claim-under-ITAT-TAXSCAN.jpg "Late Filing of Form 67 Cannot Override Rights under DTAA: ITAT Allows FTC Claim [Read Order]")
Loan Interest Deduction u/s 48 of Income Tax Valid Despite Prior Claim u/s 24(b), Amendment to S. 48 Effective from AY 2024-25: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) confirmed that taxpayers can claim loan interest deductions under Section 48 of the Income Tax Act even if they have already claimed...
![Loan Interest Deduction u/s 48 of Income Tax Valid Despite Prior Claim u/s 24(b), Amendment to S. 48 Effective from AY 2024-25: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Income-Tax-Deduction-TAXSCAN.jpg "Loan Interest Deduction u/s 48 of Income Tax Valid Despite Prior Claim u/s 24(b), Amendment to S. 48 Effective from AY 2024-25: ITAT [Read Order]")
Non-Compliance with AO Notices Despite Being Indian Oil Corporation Employee Aware of Tax Obligations: ITAT Upholds Penalty [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the penalty for non-compliance with assessing officer notices stating that the assessee being an Indian Oil Corporation employee...
![Non-Compliance with AO Notices Despite Being Indian Oil Corporation Employee Aware of Tax Obligations: ITAT Upholds Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Non-Compliance-with-AO-Notices-Indian-Oil-Corporation-Tax-Obligations-ITAT-Upholds-Penalty-TAXSCAN.jpg "Non-Compliance with AO Notices Despite Being Indian Oil Corporation Employee Aware of Tax Obligations: ITAT Upholds Penalty [Read Order]")
10% Tolerance Band u/s 43CA Applies Retrospectively to Address Stamp Valuation Discrepancies: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that the 10% tolerance band under Section 43CA introduced by the Finance Act, 2020 to address stamp duty valuation discrepancies...
![10% Tolerance Band u/s 43CA Applies Retrospectively to Address Stamp Valuation Discrepancies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "10% Tolerance Band u/s 43CA Applies Retrospectively to Address Stamp Valuation Discrepancies: ITAT [Read Order]")
ITAT Restores Trust's Corpus Donations Case for Fresh Hearing Over Notice and Email ID Issues [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) restored the trust’s corpus donation matter for a fresh hearing due to the trust’s non-compliance caused by the lack of awareness of...
![ITAT Restores Trusts Corpus Donations Case for Fresh Hearing Over Notice and Email ID Issues [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/TAT-Corpus-Donations-Case-Trust-Donations-Tax-Corpus-Donation-Tax-ITAT-Kolkata-Trust-Case-taxscan.jpg "ITAT Restores Trusts Corpus Donations Case for Fresh Hearing Over Notice and Email ID Issues [Read Order]")
ITAT upholds Staff Welfare Addition made by AO due to No Evidence Submitted by Assessee [Read Order]
In a recent ruling, the Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) found adequate allowed salary and rent claims made by the assessee due to adequate proof and upheld the addition of...
![ITAT upholds Staff Welfare Addition made by AO due to No Evidence Submitted by Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Kolkata-ITAT-on-Staff-welfare-ITAT-Staff-welfare-Income-Tax-taxscan.jpg "ITAT upholds Staff Welfare Addition made by AO due to No Evidence Submitted by Assessee [Read Order]")