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
![Section 269SS Restricting Cash Transaction not applicable to Capital contributed by Partner in Partnership Firm: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Cash-Transaction-Taxscan.jpg "Section 269SS Restricting Cash Transaction not applicable to Capital contributed by Partner in Partnership Firm: ITAT [Read Order]")
Section 269SS Restricting Cash Transaction not applicable to Capital contributed by Partner in Partnership Firm: ITAT [Read Order]
In ITO vs. M/s. Dayamayee Marble & Granite, the Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) cancelling the penalty held that the...
![ITAT deletes Addition as AO estimated Profit of Assessee without any basis [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/ITAT-Taxscan.jpg "ITAT deletes Addition as AO estimated Profit of Assessee without any basis [Read Order]")
![Deemed Consent can be inferred when No Objection is received within Specified Period: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Deemed-Consent-Taxscan.jpg "Deemed Consent can be inferred when No Objection is received within Specified Period: ITAT [Read Order]")
![A Technical Venial Breach won’t attract Penalty u/s 272A(2)(k): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "A Technical Venial Breach won’t attract Penalty u/s 272A(2)(k): ITAT [Read Order]")
![Deemed Dividend Provisions not applicable to Current Account Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deemed-Dividends-Taxscan.jpg "Deemed Dividend Provisions not applicable to Current Account Transactions: ITAT [Read Order]")
Infra Companies involved in Civil Construction Projects eligible for Tax Benefits u/s 80-IA: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Kolkata, recently ordered that infrastructure companies who have earned the tender to Civil Construction projects are eligible to tax holidays provided under...
![Infra Companies involved in Civil Construction Projects eligible for Tax Benefits u/s 80-IA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Civil-Construction-Projects-Taxscan.jpg "Infra Companies involved in Civil Construction Projects eligible for Tax Benefits u/s 80-IA: ITAT [Read Order]")
Interest from Margin Money earned on Deposits made for availing Credit facility from Bank eligible for S.10B Deduction: ITAT [Read Order]
In M/s. Tea Promoters (India) (P) Ltd. vs. A.C.I.T, the Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) held that interest income derived from margin money earned on deposits made for...
![Interest from Margin Money earned on Deposits made for availing Credit facility from Bank eligible for S.10B Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Deduction-Taxscan.jpg "Interest from Margin Money earned on Deposits made for availing Credit facility from Bank eligible for S.10B Deduction: ITAT [Read Order]")
Unabsorbed Brought Forward Business Loss Should Be Set Off Against the Business Income: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) in Gouranga Cement Pvt. Ltd vs. DCIT recently held that Unabsorbed brought forward business loss should be set off against the business...
![Unabsorbed Brought Forward Business Loss Should Be Set Off Against the Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Business-Loss-Taxscan.jpg "Unabsorbed Brought Forward Business Loss Should Be Set Off Against the Business Income: ITAT [Read Order]")
![Gift to Stockiest and Dealers can’t be treated as Fringe Benefit Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Fringe-Benefit-Tax-TaxScan.jpg "Gift to Stockiest and Dealers can’t be treated as Fringe Benefit Tax: ITAT [Read Order]")
![No Disallowance of Interest paid on Capital borrowed for Business purpose: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "No Disallowance of Interest paid on Capital borrowed for Business purpose: ITAT [Read Order]")
![Incentives in the form of Excise Duty Refund and Interest Subsidy not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Incentive-ITAT-Taxscan.jpg "Incentives in the form of Excise Duty Refund and Interest Subsidy not Taxable: ITAT [Read Order]")
![Violation of Section 13 not a Ground for refusing Registration under Section 12AA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/ITAT-Trust-Taxscan.jpg "Violation of Section 13 not a Ground for refusing Registration under Section 12AA: ITAT [Read Order]")