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
![Income has to be Computed after making Disallowance and 40% Resultant Income to be Treated as Taxable Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Income-has-to-be-Computed-Disallowance-Resultant-Income-Taxable-Income-ITAT-Income-Tax-taxscan.jpg "Income has to be Computed after making Disallowance and 40% Resultant Income to be Treated as Taxable Income: ITAT [Read Order]")
Income has to be Computed after making Disallowance and 40% Resultant Income to be Treated as Taxable Income: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), ruled that the income has to be computed after making disallowance and 40% resultant...
![ITAT deletes Addition due to Time-Barred Issuance of Notice u/s 143(2) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-deletes-Addition-due-to-Time-Barred-Issuance-of-Notice-ITAT-Time-Barred-Issuance-of-Notice-Issuance-of-Notice-Notice-ITAT-deletes-Addition-Taxscan.jpg "ITAT deletes Addition due to Time-Barred Issuance of Notice u/s 143(2) [Read Order]")
![ITAT deletes Addition of Government Grants Which cant Be Treated as Corpus or Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-ITAT-deletes-Addition-Addition-Government-Grants-Treated-as-Corpus-or-Income-Corpus-Income-taxscan.jpg "ITAT deletes Addition of Government Grants Which cant Be Treated as Corpus or Income [Read Order]")
![ITAT Invalidates Reassessment as Notice u/s 143(2) Not Issued Within Time Limit [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Invalidates-Reassessment-Notice-Reassessment-taxscan.jpg "ITAT Invalidates Reassessment as Notice u/s 143(2) Not Issued Within Time Limit [Read Order]")
![Non-Compliance of Notice not Deliberate: ITAT Deletes Penalty u/s 271B [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Non-Compliance-of-Notice-not-Deliberate-Notice-ITAT-Deletes-Penalty-ITAT-Penalty-Non-Compliance-Taxscan.jpg "Non-Compliance of Notice not Deliberate: ITAT Deletes Penalty u/s 271B [Read Order]")
Addition u/s 50C of Income Tax Act based on SVA's Overvaluation of Capital Gain Sale Consideration : ITAT directs Readjudication [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) recently directed a readjudication due to an addition under Section 50C of the Income Tax Act, 1961. This addition was based on the...
![Addition u/s 50C of Income Tax Act based on SVAs Overvaluation of Capital Gain Sale Consideration : ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-us-50C-of-Income-Tax-Act-based-on-SVAs-Overvaluation-of-Capital-Gain-Sale-Consideration-ITAT-directs-Readjudication-TAXSCAN.jpg "Addition u/s 50C of Income Tax Act based on SVAs Overvaluation of Capital Gain Sale Consideration : ITAT directs Readjudication [Read Order]")
![Assessment Proceedings against a Non-Existent Company is Void Ab Initio: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Assessment-Proceedings-Assessment-Non-Existent-Company-Void-Ab-Initio-ITAT-taxscan.jpg "Assessment Proceedings against a Non-Existent Company is Void Ab Initio: ITAT [Read Order]")
Delay in Filing Form 67 not a Reason for Denial of Relief u/s 90 of Income Tax Act: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) recently held that the relief under Section 90 of the Income Tax Act, 1961 should not be denied solely on the ground of a delay in filing...
![Delay in Filing Form 67 not a Reason for Denial of Relief u/s 90 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Delay-in-Filing-Form-67-Reason-for-Denial-of-Relief-us-90-of-Income-Tax-Act-ITAT-TAXSCAN.jpg "Delay in Filing Form 67 not a Reason for Denial of Relief u/s 90 of Income Tax Act: ITAT [Read Order]")
Addition Based on Non-Appearance of Company Directors on the basis of unproven Identity of Subscriber not Sustainable: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that the addition based on non-production of company directors on the ground that identity of the subscribers were not proved would...
![Addition Based on Non-Appearance of Company Directors on the basis of unproven Identity of Subscriber not Sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-Based-on-Non-Appearance-Addition-Company-Directors-unproven-Identity-of-Subscriber-unproven-Identity-Sustainable-ITAT-Income-Tax-taxscan.jpg "Addition Based on Non-Appearance of Company Directors on the basis of unproven Identity of Subscriber not Sustainable: ITAT [Read Order]")
ITAT dismisses Addition u/s 68 of Income Tax Act Due to Insufficient Evidence of Bogus Transaction [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) deletes Addition under Section 68 of Income Tax Act, 1961 due to Insufficient Evidence of Bogus Transaction. The issue of the case is CIT...
![ITAT dismisses Addition u/s 68 of Income Tax Act Due to Insufficient Evidence of Bogus Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Income-Tax-Act-Insufficient-Evidence-of-Bogus-Transaction-Insufficient-Evidence-Bogus-Transaction-Evidence-taxscan.jpg "ITAT dismisses Addition u/s 68 of Income Tax Act Due to Insufficient Evidence of Bogus Transaction [Read Order]")
Property Not Used for Business Purpose cannot be Treated as Business Assets: ITAT disallows Expenses [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has disallowed the expenses holding that property which was not used for business purposes could not be treated as business assets. ...
![Property Not Used for Business Purpose cannot be Treated as Business Assets: ITAT disallows Expenses [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Property-Not-Used-for-Business-Purpose-cannot-be-Treated-as-Business-Assets-ITAT-disallows-Expenses-Property-Not-Used-for-Business-Purpose-Business-Assets-ITAT-Taxscan.jpg "Property Not Used for Business Purpose cannot be Treated as Business Assets: ITAT disallows Expenses [Read Order]")
![Sales Reversal Entry is not Unexplained Expenditure: ITAT quashes Revision Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Sales-Reversal-Entry-is-not-Unexplained-Expenditure-Sales-Reversal-Entry-Unexplained-Expenditure-ITAT-quashes-Revision-Proceedings-ITAT-Revision-Proceedings-Taxscan.jpg "Sales Reversal Entry is not Unexplained Expenditure: ITAT quashes Revision Proceedings [Read Order]")