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

Accepting of Share Application Money is Not “Loan” u/s 269SS of the Income Tax Act, No Penalty: ITAT [Read Order]

Aparna. M

The Kolkata Income Tax Appellate Tribunal ( ITAT ) has recently held that accepting of share application money was not loan under section 269SS of...

Unavailability of Tax Consultant and Illness of Grandson Not Proved: ITAT Refuses to Condone Delay...

Income Tax Deduction Claim u/s 80IA cannot be denied for Vague and Ambiguous Reasons: ITAT [Read...

Non-Compliance of Notice and Non-Submission of Details: ITAT Refuses to Condone Delay of 927 Days in...

Addition of Deemed Rent cannot be made in respect of a Non-Habitable Residential Flat: ITAT [Read...

Interest paid on Delayed Deposit of Income Tax/TDS Not Allowable as Expenditure: ITAT [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that the interest paid on delayed deposit of income tax or Tax Deducted at source (TDS) would not be allowable as expenditure. ...

Relief to PWC: ITAT direct Re-Adjudication on Income Tax Penalty Cases [Read Order]

The Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently while giving relief to Price water house Coopers Pvt. Limited directs the first appellate authority to re-adjudication on income tax...

AO couldn’t point out Deficiency in Documents, No Addition u/s 68 of Income Tax Act: ITAT [Read Order]

The Income Tax Appellate Tribunal ( ITAT ) Kolkata Bench observed that the assessing officer could not point out deficiency in documents ,therefore no addition under section 68 of Income...

Service Tax Penalty Not Deductible as Business Expenditure u/s 37(1) of Income Tax Act: ITAT [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that the service tax penalty is not deductible as business expenditure under Section 37(1) of the Income Tax Act 1961. The...

Sale Proceeds of Software not Taxable under Indo-Ireland DTAA: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Kolkata Bench, has recently, in an appeal filed before it, held that the sale proceeds of software are not taxable under Indo- Ireland DTAA. The aforesaid...

No Penalty for Bonafide Mistakes in Income Tax Return filed without Assistance of Tax Consultant: ITAT [Read Order]

In Virtual mode, the Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has held that penalty is not demandable for bonafide mistakes in income tax returns filed without the assistance of a...

95% of Appeals in relation to Share Application and Share Premium are filed by Shell Companies: ITAT Kolkata [Read Order]

The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has recently observed that the appeals filed in relation to share application and share premium are done by Shell Companies, devoid of...

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