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
![Reimbursement of Expenses to C&F Agents for achieving Targets not subject to TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Reimbursement-TDS-Taxscan.jpg "Reimbursement of Expenses to C&F Agents for achieving Targets not subject to TDS: ITAT [Read Order]")
Reimbursement of Expenses to C&F Agents for achieving Targets not subject to TDS: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata bench has ruled that the provisions relating to tax deduction at source (TDS) cannot be applicable...
![Capital Gains from Penny Stocks can’t be treated as Bogus if Revenue does not prove that there is a Scam: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Capital-Gain-Tax-Taxscan.jpg "Capital Gains from Penny Stocks can’t be treated as Bogus if Revenue does not prove that there is a Scam: ITAT [Read Order]")
![Company Registered under Registration of Companies Act Sikkim is ‘AoP’ for Income Tax Purpose: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Income-Tax-Taxscan.jpg "Company Registered under Registration of Companies Act Sikkim is ‘AoP’ for Income Tax Purpose: ITAT [Read Order]")
![Benefit under Section 47(ivb) can’t be availed If Demerger not in manner envisaged under Section 2(19AA): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Assessment-Order-ITAT-Taxscan.jpg "Benefit under Section 47(ivb) can’t be availed If Demerger not in manner envisaged under Section 2(19AA): ITAT [Read Order]")
![Wharfage Charges paid to Kolkata Port Trust is not Rent, No TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Wharfage-Charges-TDS-Taxscan.jpg "Wharfage Charges paid to Kolkata Port Trust is not Rent, No TDS: ITAT [Read Order]")
![If Land is treated as Stock-in-Trade, S. 50C does not Apply: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Agricultural-Land.jpg "If Land is treated as Stock-in-Trade, S. 50C does not Apply: ITAT [Read Order]")
IT Rules permit Cash Purchase of Alcohol Liquor for Human Consumption from Authorized Distributor of State Govt: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) in M/s Savitri Devi v. DCIT held that there is no violation of the Income Tax Rules in making cash purchase of Alcohol Liquor for human...
![IT Rules permit Cash Purchase of Alcohol Liquor for Human Consumption from Authorized Distributor of State Govt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Alcohol-Liquor-Taxscan.jpg "IT Rules permit Cash Purchase of Alcohol Liquor for Human Consumption from Authorized Distributor of State Govt: ITAT [Read Order]")
![License Fee from Tenant is Business Income, not House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/License-Fee-Taxscan-1.jpg "License Fee from Tenant is Business Income, not House Property Income: ITAT [Read Order]")
Only Partners, Not a Firm Assessable to Unexplained Cash Credits for Capital Introduced by Partner: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) in ITO v. Bajaj Roadways, held that a Firm cannot be assessable to unexplained cash credits under Section 68 of the Income Tax Act in...
![Only Partners, Not a Firm Assessable to Unexplained Cash Credits for Capital Introduced by Partner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Cash-Credits-Taxscan.jpg "Only Partners, Not a Firm Assessable to Unexplained Cash Credits for Capital Introduced by Partner: ITAT [Read Order]")
![Firm can’t be Assessed for Fresh Capital Introduced by Partner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Partners-Taxscan.jpg "Firm can’t be Assessed for Fresh Capital Introduced by Partner: ITAT [Read Order]")
Mesne Profits Received for Wrongful Deprivation of Use and Occupation of Property is Capital Receipt, Not Taxable: ITAT [Read Order]
The Kolkata bench of the ITAT in ITO v. Shri Kamal Kumar Ghosh (Deceased), held that the Mesne Profits received by assessee for wrongful deprivation of use and occupation of property constitutes...
![Mesne Profits Received for Wrongful Deprivation of Use and Occupation of Property is Capital Receipt, Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Mesne-Profits-Taxscan.jpg "Mesne Profits Received for Wrongful Deprivation of Use and Occupation of Property is Capital Receipt, Not Taxable: ITAT [Read Order]")
Reimbursement of Car Running and Maintenance Charges to Employees amount to ‘ Perquisites ’, TDS Applicable: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of M/s. TCG Lifesciences Pvt. Ltd v. Income Tax Officer, held that the reimbursement of car running and maintenance charges...
![Reimbursement of Car Running and Maintenance Charges to Employees amount to ‘ Perquisites ’, TDS Applicable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Perquisites-Taxscan.jpg "Reimbursement of Car Running and Maintenance Charges to Employees amount to ‘ Perquisites ’, TDS Applicable: ITAT [Read Order]")