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
![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]")
Benefit under Section 47(ivb) can’t be availed If Demerger not in manner envisaged under Section 2(19AA): ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) in ITO, Kolkata v. M/s Datex Ohmeda (India) Pvt Ltd. held that Benefit under Section...
![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]](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]")
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 Tax ( CIT ) has no power under section 263 to...
![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]")
![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]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ), in Power Maxx India Pvt.Ltd v.DCITÂ held that donations and subscriptions paid for pujas and functions are the business expenditure. The...
![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]")