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
![Failure to serve Hearing Notice under Income Tax Act invalidates Ex-Parte Order: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Kolkata-Income-tax-hearing-notice-failure-Income-Tax-Tribunal-TAXSCAN.jpg "Failure to serve Hearing Notice under Income Tax Act invalidates Ex-Parte Order: ITAT [Read Order]")
Failure to serve Hearing Notice under Income Tax Act invalidates Ex-Parte Order: ITAT [Read Order]
In a significant case, the Kolkata Income Tax Appeallate Tribunal ( ITAT ) held that failure to serve hearing notice under Income Tax Act, 1961...
![Benefit of Sec 36(1)(Va) of Income Tax Act is not Claimable on Failure to Deposit Employees Contribution to PF Within Due Date: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Income-Tax-Act-Income-Tax-Appellate-Tribunal-Provident-Fund-Deposit-Employees-Contribution-taxscan.jpg "Benefit of Sec 36(1)(Va) of Income Tax Act is not Claimable on Failure to Deposit Employees Contribution to PF Within Due Date: ITAT [Read Order]")
![Creditworthiness of Share Subscriber Companies Proven: ITAT deletes Addition of Unexplained Share Application Money under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-kolkata-share-companies-ITAT-deletes-unexplained-shares-share-application-money-income-tax-act-taxscan.jpg "Creditworthiness of Share Subscriber Companies Proven: ITAT deletes Addition of Unexplained Share Application Money under Income Tax Act [Read Order]")
![S.80G(5)(iv) Exemption allowable as Application Filed within CBDTs Extended Deadline: ITAT rules in Favour of Income Tax Bar Association [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-culcutta-income-tax-bar-association-central-board-of-direct-taxes-section-80G-5iv-of-the-income-tax-act-taxscan.jpg "S.80G(5)(iv) Exemption allowable as Application Filed within CBDTs Extended Deadline: ITAT rules in Favour of Income Tax Bar Association [Read Order]")
![AO fails to verify Genuineness of Credible Information before issuing Notice: ITAT quashes Notice u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Kolkatha-ITAT-quashed-the-notice-issued-under-Section-148-of-the-ITA-AO-Fails-to-verify-Genuineness-taxscan.jpg "AO fails to verify Genuineness of Credible Information before issuing Notice: ITAT quashes Notice u/s 148 of Income Tax Act [Read Order]")
Creditworthiness of Shares Subscribers and Genuineness of Transactions proved by Supported Documents: ITAT deletes Income Tax Addition u/s 68 [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) deleted the addition under Section 68, of Income Tax Act, 1961 as the identity and creditworthiness of the share subscribers, along...
![Creditworthiness of Shares Subscribers and Genuineness of Transactions proved by Supported Documents: ITAT deletes Income Tax Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-kolkata-Income-Tax-Addition-ITAT-deletes-Income-Tax-Appellate-Trribunal-taxscan.jpg "Creditworthiness of Shares Subscribers and Genuineness of Transactions proved by Supported Documents: ITAT deletes Income Tax Addition u/s 68 [Read Order]")
Claim u/s 80M of Income Tax Act Allowable when Deduction of Amount was Equal to Dividend Distributed within Due Date:Â ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) held that claim under Section 80M of Income Tax Act, 1961 is allowable when deduction of amount was equal to dividend distributed...
![Claim u/s 80M of Income Tax Act Allowable when Deduction of Amount was Equal to Dividend Distributed within Due Date:Â ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Kolkata-Dividend-Distributed-Income-Tax-Act-Section-80M-of-Income-Tax-Act-Taxscan.jpg "Claim u/s 80M of Income Tax Act Allowable when Deduction of Amount was Equal to Dividend Distributed within Due Date:Â ITAT [Read Order]")
Payment to Pollution Control Board for Environmental Norms Violation does not amount to Penalty, No Disallowance under Income Tax Act: ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) has held that payment made by the assessee to the Pollution Control Board for violation of environmental norms would not be penal and held...
![Payment to Pollution Control Board for Environmental Norms Violation does not amount to Penalty, No Disallowance under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-tax-appellate-tribunal-income-tax-income-tax-news-income-tax-act-TAXSCAN.jpg "Payment to Pollution Control Board for Environmental Norms Violation does not amount to Penalty, No Disallowance under Income Tax Act: ITAT [Read Order]")
No Addition u/s 68 of Income Tax Act on Share Premium allowable when Identity & Creditworthiness of Share Subscribers Proved: ITAT [Read Order]
In a recent ruling, the Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) held that once the assessee has proved the identity and creditworthiness of the share subscribers,the burden shifts...
![No Addition u/s 68 of Income Tax Act on Share Premium allowable when Identity & Creditworthiness of Share Subscribers Proved: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-Tax-Act-ITAT-Income-Tax-Appellate-Tribunal-Income-Tax-News-Income-Tax-taxscan.jpg "No Addition u/s 68 of Income Tax Act on Share Premium allowable when Identity & Creditworthiness of Share Subscribers Proved: ITAT [Read Order]")
Assessee failed to Prove Entries of Credit against Addition section/s 68 of Income tax Act: ITAT allows Revenue Dept's Appeal [Read Order]
In a recent ruling, the Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) confirmed the addition made under Section 68 of the Income Tax Act, 1961 while allowing the revenue department’s...
![Assessee failed to Prove Entries of Credit against Addition section/s 68 of Income tax Act: ITAT allows Revenue Depts Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Assessee-Prove-Entries-Credit-against-Income-tax-Act-ITAT-Revenue-Depts-Appeal-taxscan.jpg "Assessee failed to Prove Entries of Credit against Addition section/s 68 of Income tax Act: ITAT allows Revenue Depts Appeal [Read Order]")
Taxpayer Follows Mercantile System of Accounting Consistently: ITAT allows Deduction of Rs. 34.2 lakhs u/s 57 of Income Tax Act [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) allowed a deduction of Rs. 34.2 lakhs under Section 57 of the Income Tax Act, noting that the taxpayer consistently followed the...
![Taxpayer Follows Mercantile System of Accounting Consistently: ITAT allows Deduction of Rs. 34.2 lakhs u/s 57 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Section-57-of-the-Income-Tax-Act-ITAT-Kolkata-income-tax-deduction-Taxscan.jpg "Taxpayer Follows Mercantile System of Accounting Consistently: ITAT allows Deduction of Rs. 34.2 lakhs u/s 57 of Income Tax Act [Read Order]")
ITAT dismisses Appeal u/s 68 of Income Tax Act Due to Absence of Explanation for Transactions [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed the appeal under Section 68 of the Income Tax Act,1961 due to the absence of an explanation for the transactions. The...
![ITAT dismisses Appeal u/s 68 of Income Tax Act Due to Absence of Explanation for Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Income-tax-appellate-tribunal-income-tax-acts-Income-tax-sections-Section-68-TAXSCAN.jpg "ITAT dismisses Appeal u/s 68 of Income Tax Act Due to Absence of Explanation for Transactions [Read Order]")