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
![Sole Reliance on Retracted and Untested Statements Impermissible: CESTAT Sets Aside Penalty on Diamond Broker in Overvaluation Case [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/500x300_2089042-sole-reliance-statements-impermissible-cestat-taxscan.webp "Sole Reliance on Retracted and Untested Statements Impermissible: CESTAT Sets Aside Penalty on Diamond Broker in Overvaluation Case [Read Order]")
Sole Reliance on Retracted and Untested Statements Impermissible: CESTAT Sets Aside Penalty on Diamond Broker in Overvaluation Case [Read Order]
The Kolkata Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that sole reliance on retracted and untested statements...
![Lack of Verification: ITAT sets aside Service Tax Disallowance Order u/s 43B and directs Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/09/18/250x150_2088280-lack-of-verification-itat-service-tax-disallowance-taxscan.webp "Lack of Verification: ITAT sets aside Service Tax Disallowance Order u/s 43B and directs Fresh Adjudication [Read Order]")
![Cash Withdrawals During Demonetisation Taxed u/s 68: ITAT Deletes ₹62 Lakh Addition treating them as Business Turnover [Read Order]](https://images.taxscan.in/h-upload/2025/09/18/250x150_2088266-cash-withdrawals-demonetisation-itat-business-turnover-taxscan.webp "Cash Withdrawals During Demonetisation Taxed u/s 68: ITAT Deletes ₹62 Lakh Addition treating them as Business Turnover [Read Order]")
![ITAT Dismisses Cooperative Society Appeal as Withdrawn, Grants Liberty to File Fresh Appeal if S.119(2)(b) Petition is Rejected [Read Order]](https://images.taxscan.in/h-upload/2025/09/18/250x150_2088274-itat-cooperative-society-appeal-grants-liberty-fresh-appeal-petition-taxscan.webp "ITAT Dismisses Cooperative Society Appeal as Withdrawn, Grants Liberty to File Fresh Appeal if S.119(2)(b) Petition is Rejected [Read Order]")
![ITAT refuses Estimation of GP Enhancement made by AO without Considering comparable case [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/250x150_2087421-gross-profit-rate-igp-enhancement-itat-taxscan.webp "ITAT refuses Estimation of GP Enhancement made by AO without Considering comparable case [Read Order]")
₹3.80 Lakh Leave Encashment Disallowed u/s 43B:ITAT Rules CPC Had No Jurisdiction and Deletes Addition [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) held that the Centralized Processing Centre (CPC) had no jurisdiction to disallow a genuine payment of ₹3.80 lakh towards leave ...
![₹3.80 Lakh Leave Encashment Disallowed u/s 43B:ITAT Rules CPC Had No Jurisdiction and Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/500x300_2087410-leave-encashment-disallowed-itat-taxscan.webp "₹3.80 Lakh Leave Encashment Disallowed u/s 43B:ITAT Rules CPC Had No Jurisdiction and Deletes Addition [Read Order]")
₹5.28 Lakh Penalty u/s 271(1)(c) on One-Time Settlement: ITAT Deletes, Holds It Capital in Nature and Fully Disclosed [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) held a one-time settlement from Kotak Mahindra Old Life Insurance as capital in nature and fully disclosed, and deleted a penalty of ...
![₹5.28 Lakh Penalty u/s 271(1)(c) on One-Time Settlement: ITAT Deletes, Holds It Capital in Nature and Fully Disclosed [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/500x300_2087407-penalty-one-time-settlement-itat-capital-in-nature-taxscan.webp "₹5.28 Lakh Penalty u/s 271(1)(c) on One-Time Settlement: ITAT Deletes, Holds It Capital in Nature and Fully Disclosed [Read Order]")
Alleged Bogus Sales and Commission Addition u/s 68 & 69C: ITAT Upholds CIT(A) Deletion after Assessing Evidence [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) upheld the deletion of alleged bogus sales and commission additions under section 68 and 69C of Income Tax Act,1961 by the Commissioner of...
![Alleged Bogus Sales and Commission Addition u/s 68 & 69C: ITAT Upholds CIT(A) Deletion after Assessing Evidence [Read Order]](https://images.taxscan.in/h-upload/2025/09/15/500x300_2087395-alleged-bogus-sales-commission-addition-itat-cita-evidence-taxscan.webp "Alleged Bogus Sales and Commission Addition u/s 68 & 69C: ITAT Upholds CIT(A) Deletion after Assessing Evidence [Read Order]")
AO rejects books of account u/s 145(3) of the Income Tax Act in absence of documents: ITAT directs CIT(A) decide afresh [Read Order]
In a recent case, the Kolkata bench of the Income Tax Appellate Tribunal (ITAT) directed the Commissioner of Income Tax Appeal (CIT(A)) to decide afresh on the issue of rejection of books of...
![AO rejects books of account u/s 145(3) of the Income Tax Act in absence of documents: ITAT directs CIT(A) decide afresh [Read Order]](https://images.taxscan.in/h-upload/2025/09/09/500x300_2084987-rejection-books-of-account-rejection-of-books-of-account-rejection-of-books-of-account-by-ao-ao-cita-itat-taxscan.webp "AO rejects books of account u/s 145(3) of the Income Tax Act in absence of documents: ITAT directs CIT(A) decide afresh [Read Order]")
Rs.10 Cr Deposited Bank Account Treated as Unexplained: ITAT Remands Matter for Rehearing [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) remanded a case for fresh assessment where cash deposits of about ₹10 crore in the assessee’s bank account were treated as unexplained. ...
![Rs.10 Cr Deposited Bank Account Treated as Unexplained: ITAT Remands Matter for Rehearing [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/500x300_2076915-deposited-bank-account-bank-account-bank-account-treated-as-unexplained-taxscan.webp "Rs.10 Cr Deposited Bank Account Treated as Unexplained: ITAT Remands Matter for Rehearing [Read Order]")
ITAT Dismisses Revenue’s Appeals in Absence of Incriminating Material in Unabated Assessments, Upholds Deletion of S.68 Additions of ₹ 2.71 Cr [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has dismissed the Revenue’s appeals for three assessment years and held that in the absence of any incriminating material found during...
![ITAT Dismisses Revenue’s Appeals in Absence of Incriminating Material in Unabated Assessments, Upholds Deletion of S.68 Additions of ₹ 2.71 Cr [Read Order]](https://images.taxscan.in/h-upload/2025/08/15/500x300_2076875-itat-directs-ao-itat-taxscan-3.webp "ITAT Dismisses Revenue’s Appeals in Absence of Incriminating Material in Unabated Assessments, Upholds Deletion of S.68 Additions of ₹ 2.71 Cr [Read Order]")
TDS Credit Allowable to Person in Whose Hands Income is Assessable as per Rule 37BA Income Tax Rules: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) allows Tax Deducted at Source ( TDS ) credit to the person in whose hands the income is assessable under Rule 37BA of Income Tax...
![TDS Credit Allowable to Person in Whose Hands Income is Assessable as per Rule 37BA Income Tax Rules: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/13/500x300_2076396-tds-credit-tds-credit-allowable-to-person-in-whose-hands-income-taxscan.webp "TDS Credit Allowable to Person in Whose Hands Income is Assessable as per Rule 37BA Income Tax Rules: ITAT [Read Order]")