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
AO to provide Assessee an opportunity of Cross-examination, If Material collected behind the back of Assessee: ITAT
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench ruled that Assessing Officer has to confront the assessee with the material collected behind...
![Relief to PwC: ITAT deletes disallowance of Loss arising from Foreign Exchange Fluctuation on Foreign Currency Hedging Contracts [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/PwC-ITAT-Foreign-Exchange-Fluctuation-Foreign-Currency-Hedging-Contracts-Taxscan.jpg "Relief to PwC: ITAT deletes disallowance of Loss arising from Foreign Exchange Fluctuation on Foreign Currency Hedging Contracts [Read Order]")
![Revisional Power excised by CIT(A) based on ‘Cut & Paste’ reasoning Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Revisional-Power-CITA-reasoning-Invalid-ITAT-Taxscan.jpeg "Revisional Power excised by CIT(A) based on ‘Cut & Paste’ reasoning Invalid: ITAT [Read Order]")
Assessment without issuance of Notice U/s 143(2) is void ab-initio: ITAT quashes Assessment Order [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench while quashing the Assessment Order reiterated that the assessment without issuance of notice under section 143(2) is void ab-initio. The...
![Assessment without issuance of Notice U/s 143(2) is void ab-initio: ITAT quashes Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Assessment2.jpg "Assessment without issuance of Notice U/s 143(2) is void ab-initio: ITAT quashes Assessment Order [Read Order]")
![Re-Assessment based on Mistake of Opinion is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Re-Assessment-Mistake-of-Opinion-ITAT-Taxscan.jpeg "Re-Assessment based on Mistake of Opinion is Invalid: ITAT [Read Order]")
Reopening of Assessment Void if Condition Precedent prescribed u/s 147 not fulfilled: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench held that the reopening of assessment void if condition precedent prescribed under section 147 of the Income Tax Act is not fulfilled. The...
![Reopening of Assessment Void if Condition Precedent prescribed u/s 147 not fulfilled: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Reopening-Assessment-Condition-Precedent-ITAT-taxscan.jpeg "Reopening of Assessment Void if Condition Precedent prescribed u/s 147 not fulfilled: ITAT [Read Order]")
Income Tax: Computation of Books Profit invalid where Gross Taxable Income and Total income are Nil, rules ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has held that the computation of Books Profit under section 115JB of the Income Tax Act is not warranted where Gross Taxable Income,...
![Income Tax: Computation of Books Profit invalid where Gross Taxable Income and Total income are Nil, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Computation-of-Books-Profit-Gross-Taxable-Income-Total-income-ITAT-Taxscan.jpeg "Income Tax: Computation of Books Profit invalid where Gross Taxable Income and Total income are Nil, rules ITAT [Read Order]")
![Staff Recruitment Expenses incurred by Hotel allowable as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Staff-Recruitment-Expenses-Hotel-Business-Expenditure-ITAT-Taxscan.jpg "Staff Recruitment Expenses incurred by Hotel allowable as Business Expenditure: ITAT [Read Order]")
Scrutiny Assessment can’t be framed in absence of a Valid Notice, omission to issue notice, not a curable defect: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata Bench ruled that the scrutiny assessment can not be framed in absence of a valid notice and the omission to issue notice is not a curable defect. ...
![Scrutiny Assessment can’t be framed in absence of a Valid Notice, omission to issue notice, not a curable defect: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Scrutiny-assessment-valid-notice-omission-issue-notice-curable-defect-ITAT-Taxscan.jpeg "Scrutiny Assessment can’t be framed in absence of a Valid Notice, omission to issue notice, not a curable defect: ITAT [Read Order]")