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
![Depreciable Assets held for more than 36 months do not lose its Character of being a Long Term Capital Asset even though Sec 50 is applied: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "Depreciable Assets held for more than 36 months do not lose its Character of being a Long Term Capital Asset even though Sec 50 is applied: ITAT [Read Order]")
Depreciable Assets held for more than 36 months do not lose its Character of being a Long Term Capital Asset even though Sec 50 is applied: ITAT [Read Order]
The Kolkata bench of ITAT recently announced that the depreciable assets which had been held for more than 36 months prior to its sale, does not lose...
![Brokerage / Commission paid in Connection with Share Transaction is not subject to TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Brokkerage-Taxscan.jpg "Brokerage / Commission paid in Connection with Share Transaction is not subject to TDS: ITAT [Read Order]")
![License Fee collected by Tenant while Sub-Letting Property is not Assessable as House Property Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/License-Fee-Taxscan-1.jpg "License Fee collected by Tenant while Sub-Letting Property is not Assessable as House Property Income: ITAT [Read Order]")
![ITAT Deletes Penalty since Delay in filing Audit Report was due to Dispute with Auditor [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Audit-Report-Taxscan.jpg "ITAT Deletes Penalty since Delay in filing Audit Report was due to Dispute with Auditor [Read Order]")
![TDS provisions are applicable on Amount paid under an Oral Agreement: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/TDS-Taxscan.jpg "TDS provisions are applicable on Amount paid under an Oral Agreement: ITAT [Read Order]")
No Penalty since Notice u/s 274 do not Specify the Charge against Assessee and does not Strike Out the Inappropriate Words: ITAT [Read Order]
The Kolkata bench of ITAT recently held that penalty cannot be levied since show cause notice issued in the present case under Section 274 of the Income Tax Act does not specify the charge against the...
![No Penalty since Notice u/s 274 do not Specify the Charge against Assessee and does not Strike Out the Inappropriate Words: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty since Notice u/s 274 do not Specify the Charge against Assessee and does not Strike Out the Inappropriate Words: ITAT [Read Order]")
ITAT allows Claim towards Leave Encashment since the HC Order Invalidating S. 43(F) not stayed by SC [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently quashed the order passed by the lower authorities disallowing the claim of the assessee towards leave encashment for the reason that the...
![ITAT allows Claim towards Leave Encashment since the HC Order Invalidating S. 43(F) not stayed by SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Leave-Encashment.jpg "ITAT allows Claim towards Leave Encashment since the HC Order Invalidating S. 43(F) not stayed by SC [Read Order]")
ITAT Explains the Law on Exemption for Partners’ Share of Profit in the Income of the Firm [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT), in Vinod Agarwal vs Pr.C.I.T.Central, has explained the law on income tax exemption for partners’ share of profit in the income of the...
![ITAT Explains the Law on Exemption for Partners’ Share of Profit in the Income of the Firm [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Partners-Taxscan.jpg "ITAT Explains the Law on Exemption for Partners’ Share of Profit in the Income of the Firm [Read Order]")
![Payment made by Banks to Casual Workers on Festive occasion can’t be Disallowed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Payment-Taxscan.jpg "Payment made by Banks to Casual Workers on Festive occasion can’t be Disallowed: ITAT [Read Order]")
![Railway Punitive Charges are Eligible for Income Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Tax-Deduction-Taxscan.jpg "Railway Punitive Charges are Eligible for Income Tax Deduction: ITAT [Read Order]")
Income from Sub-Letting Property under Leave and License Agreement is taxable as “Other Income”: ITAT [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that income earned by the assessee from sub-letting of property under leave and license agreement for a temporary period is taxable...
![Income from Sub-Letting Property under Leave and License Agreement is taxable as “Other Income”: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Sub-Letting-Taxscan.jpg "Income from Sub-Letting Property under Leave and License Agreement is taxable as “Other Income”: ITAT [Read Order]")
Assessing Officer cannot Review his Own Order by invoking Sec 147 of the Income Tax Act: ITAT [Read Order]
Kolkata bench of Income Tax Appellate Tribunal (ITAT) recently held that the Assessing Officer (AO) does not have any power to review his own order which has already been passed by him by invoking...
![Assessing Officer cannot Review his Own Order by invoking Sec 147 of the Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Assessing-Officer-ITAT-Taxscan.jpg "Assessing Officer cannot Review his Own Order by invoking Sec 147 of the Income Tax Act: ITAT [Read Order]")