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
![CIT cannot exercise Revisionary Jurisdiction to remit matter to AO without satisfying conditions u/s 263: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Revisional-Assessment-Taxscan.jpg "CIT cannot exercise Revisionary Jurisdiction to remit matter to AO without satisfying conditions u/s 263: ITAT [Read Order]")
CIT cannot exercise Revisionary Jurisdiction to remit matter to AO without satisfying conditions u/s 263: ITAT [Read Order]
While allowing the appeal of Assessee in Poonam Bhotika versus Income Tax Officer, the Kolkata bench of the ITAT held that the Commissioner of Income...
![Peripheral Development Expenditure as part of CSR is Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Revenue-Expenditure-Taxscan.jpg "Peripheral Development Expenditure as part of CSR is Revenue Expenditure: ITAT [Read Order]")
![Donations and Subscriptions Paid for Pujas and Functions are Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Donations-Taxscan.jpg "Donations and Subscriptions Paid for Pujas and Functions are Business Expenditure: ITAT [Read Order]")
![Interest u/s 234A can’t be levied since CBDT had Extended Due Date of Filing Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Filing-Return-Taxscan.jpg "Interest u/s 234A can’t be levied since CBDT had Extended Due Date of Filing Return: ITAT [Read Order]")
![Frequent Transactions in Shares won’t Constitute ‘Business’ If Assessee treated the same as ‘Investment’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Capital-Gain-Sale-of-SHares-Taxscan.jpg "Frequent Transactions in Shares won’t Constitute ‘Business’ If Assessee treated the same as ‘Investment’: ITAT [Read Order]")
Same Income can’t be Taxed Twice Even Though It is Erroneously Offered in two different years: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) in Delite Properties Private Limited v. ITO has ruled that, Same Income can’t be Taxed Twice Even Though It is Erroneously Offered in two...
![Same Income can’t be Taxed Twice Even Though It is Erroneously Offered in two different years: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Same-Income-Taxscan.jpg "Same Income can’t be Taxed Twice Even Though It is Erroneously Offered in two different years: ITAT [Read Order]")
Assessee can't claim Non-Chargeability of Interest since Cash was Seized after the Expiry of Previous Year: ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) in Nitin Kumar versus ACIT held that assessee cannot claim non-chargeability of Interest since Cash was seized after the expiry of the...
![Assessee cant claim Non-Chargeability of Interest since Cash was Seized after the Expiry of Previous Year: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Interest-Taxscan-1.jpg "Assessee cant claim Non-Chargeability of Interest since Cash was Seized after the Expiry of Previous Year: ITAT [Read Order]")
Currency in which the Loan is to be Re-Paid determines the Rate of Return on the Money Lent: ITAT [Read Order]
In M/s. Russell Credit Limited vs. Joint Commissioner of Income Tax, Kolkata Bench of Income Tax Appellate Tribunal (ITAT) held that the interest rate should be the market-determined interest rate...
![Currency in which the Loan is to be Re-Paid determines the Rate of Return on the Money Lent: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Commercial-Transaction-Loan-Taxscan.jpg "Currency in which the Loan is to be Re-Paid determines the Rate of Return on the Money Lent: ITAT [Read Order]")
![Penalty Charges levied by IRDA can’t be disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/IRDA.jpg "Penalty Charges levied by IRDA can’t be disallowed: ITAT [Read Order]")
ITAT Allows Remuneration to Lady Directors though they are not involved in Pure Managerial or work of Company [Read Order]
The Income Tax Appellate Tribunal (ITAT) Kolkata on June 6 allowed remuneration given to lady directors even though they are not involved in pure managerial or supervising work of Company. The...
![ITAT Allows Remuneration to Lady Directors though they are not involved in Pure Managerial or work of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Managerial-Remuneration-Taxscan.jpg "ITAT Allows Remuneration to Lady Directors though they are not involved in Pure Managerial or work of Company [Read Order]")
Payment in relation with Security Transactions by a Sub-Broker not liable to TDS u/s 194H: ITAT [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal ( ITAT ) has held that, Payment in relation with Security Transactions by a Sub-Broker not liable to Tax Deduction at Source ( TDS ) under Section...
![Payment in relation with Security Transactions by a Sub-Broker not liable to TDS u/s 194H: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Security-Transactions-TDS-Taxscan.jpg "Payment in relation with Security Transactions by a Sub-Broker not liable to TDS u/s 194H: ITAT [Read Order]")
![Disallowance u/s 14A r/w Rule 8D can’t be made while computing Book profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Book-Profit-Taxscan.jpg "Disallowance u/s 14A r/w Rule 8D can’t be made while computing Book profit: ITAT [Read Order]")