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
![Loss suffered by Entering into Hedging Contracts of Foreign Exchange when assessee not a Dealer in Foreign Exchange is ‘ Normal Business Loss ’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Business-Loss-Taxscan.jpg "Loss suffered by Entering into Hedging Contracts of Foreign Exchange when assessee not a Dealer in Foreign Exchange is ‘ Normal Business Loss ’: ITAT [Read Order]")
Loss suffered by Entering into Hedging Contracts of Foreign Exchange when assessee not a Dealer in Foreign Exchange is ‘ Normal Business Loss ’: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of M/s ITT Shipping Pvt. Ltd. v. Pr. CIT-3, Kolkata held that when the...
![Sec 54 Benefit available If Re-Investment in Three Plots is for Common Use of Family: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Re-Investment-Taxscan.jpg "Sec 54 Benefit available If Re-Investment in Three Plots is for Common Use of Family: ITAT [Read Order]")
![Activity of Publishing Journal supported by Sponsorship Fees can’t be treated as Business Activity of Trust: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/ITAT-Trust-Taxscan.jpg "Activity of Publishing Journal supported by Sponsorship Fees can’t be treated as Business Activity of Trust: ITAT [Read Order]")
![Assessing Officer Can’t make Addition on Estimate Basis: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Assessing-Officer-Taxscan-1.jpg "Assessing Officer Can’t make Addition on Estimate Basis: ITAT [Read Order]")
![Sec 80IA (4) Deduction allowable to Widening of Existing Roads by Construction of Additional Lanes of a Highway: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Deduction-Taxscan.jpg "Sec 80IA (4) Deduction allowable to Widening of Existing Roads by Construction of Additional Lanes of a Highway: ITAT [Read Order]")
![No Penalty When there is Reasonable Cause for Failure to Comply with Section 44AB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty When there is Reasonable Cause for Failure to Comply with Section 44AB: ITAT [Read Order]")
![LIFO Method can be used for Valuation of Stocks: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Stocks-Taxscan.jpg "LIFO Method can be used for Valuation of Stocks: ITAT [Read Order]")
TDS under Section 194C won’t attract since Labour Charges were paid Directly without a Contract or Sub-Contract: ITAT [Read Order]
In ITO vs. M/s. Maakali Enterprises, the Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) held that TDS under Section 194C of the Income Tax Act, 1961 would not attract when labour charges...
![TDS under Section 194C won’t attract since Labour Charges were paid Directly without a Contract or Sub-Contract: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/TDS-Taxscan.jpg "TDS under Section 194C won’t attract since Labour Charges were paid Directly without a Contract or Sub-Contract: ITAT [Read Order]")
Payment of Last Mile Charges is in the nature of ‘Rent’, TDS u/s 194I Applicable: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) in ITO vs. M/s. RCIL, held that payment of last mile charges is in the nature of ‘rent’ and TDS under section 194I of the Income Tax Act...
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 capital contributed in Cash Transaction by the...
![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]")
![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]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) in M/s. National Textile Corporation Ltd. vs. Commissioner of Income Tax (Appeals) (CIT(A)) held that the Deemed Consent could very well be...
![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]")