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
![Cash Balance generated out of Cash Sales is Business Assets which can’t be deemed as ‘Cash in Hand’ for Wealth Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Wealth-Tax-Taxscan.jpg "Cash Balance generated out of Cash Sales is Business Assets which can’t be deemed as ‘Cash in Hand’ for Wealth Tax: ITAT [Read Order]")
Cash Balance generated out of Cash Sales is Business Assets which can’t be deemed as ‘Cash in Hand’ for Wealth Tax: ITAT [Read Order]
The Kolkata bench of ITAT has held that cash balance generated out of cash sales cannot be treated as ‘cash in hand’ within the meaning of section...
![No Penalty If Assessee Voluntarily admits Income through second Revised Return: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty If Assessee Voluntarily admits Income through second Revised Return: ITAT [Read Order]")
![ITAT dismisses PwC’s Claim for Expenditure worth 10.63 Crores [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/PwC-Taxscan.jpg "ITAT dismisses PwC’s Claim for Expenditure worth 10.63 Crores [Read Order]")
![Advance received for Car Booking without Invoice cannot be treated as Unexplained Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Car-Booking-Taxscan.jpg "Advance received for Car Booking without Invoice cannot be treated as Unexplained Cash Credit: ITAT [Read Order]")
![S. 269SS of Income Tax Act would not be attracted in Cash Transactions between Husband & Wife: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Cash-Transaction-Taxscan.jpg "S. 269SS of Income Tax Act would not be attracted in Cash Transactions between Husband & Wife: ITAT Kolkata [Read Order]")
‘Bogus Donation’ cannot be a Ground for Withdrawal of 12AA Registration for Trusts: ITAT Kolkata [Read Order]
A division bench of the Kolkata ITAT in Dr. B.G. Memorial Trust v. CIT (E), Kolkata, held that though the bogus donation can be a ground for denying exemption under section 11 of the Income Tax Act,...
![‘Bogus Donation’ cannot be a Ground for Withdrawal of 12AA Registration for Trusts: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Donation-Taxscan.jpg "‘Bogus Donation’ cannot be a Ground for Withdrawal of 12AA Registration for Trusts: ITAT Kolkata [Read Order]")
Income from Compulsory Acquisition of Agricultural Land is ‘Agricultural Income’, Capital Gain Tax cannot Attract: ITAT Kolkata [Read Order]
A division bench of the Kolkata ITAT, on Wednesday held that any income accrues on compulsory acquisition of agricultural land it is to be regarded as agricultural income and not chargeable to tax...
![Income from Compulsory Acquisition of Agricultural Land is ‘Agricultural Income’, Capital Gain Tax cannot Attract: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Agricultural-Land.jpg "Income from Compulsory Acquisition of Agricultural Land is ‘Agricultural Income’, Capital Gain Tax cannot Attract: ITAT Kolkata [Read Order]")
Interest Expenses incurred on Account of Late Deposit of Service Tax & TDS are Eligible for IT Deduction: ITAT Kolkata [Read Order]
In DCIT v. M/s Narayani Ispat Pvt. Ltd, the Kolkata ITAT held that the interest expenses claimed by the assessee on account of delayed deposit of service tax as well as TDS liability are allowable...
![Interest Expenses incurred on Account of Late Deposit of Service Tax & TDS are Eligible for IT Deduction: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Interest-Taxscan.jpg "Interest Expenses incurred on Account of Late Deposit of Service Tax & TDS are Eligible for IT Deduction: ITAT Kolkata [Read Order]")
Payments of ‘Donation & Subscription’ are allowable as Expenditure Even without any Receipt /80G Certificate: ITAT Kolkata [Read Order]
A division bench of the Kolkata Appellate Tribunal, in Pioneer Himudyog P. Ltd. V. ACIT, held that payments in respect of “Donation & Subscription”, which are incidental to the business activities...
Contribution to EPF made before the Due Date of Filing of IT Returns, is Allowable as Deduction, says ITAT Kolkata [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) recently ruled that there is no distinction between employees' and employer contribution to PF, and if the total contribution is deposited...
![Contribution to EPF made before the Due Date of Filing of IT Returns, is Allowable as Deduction, says ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Contribution to EPF made before the Due Date of Filing of IT Returns, is Allowable as Deduction, says ITAT Kolkata [Read Order]")
Entire Expenditure on an Abandoned Project Development should be Allowed as Deduction: ITAT Kolkata [Read Order]
The ITAT Kolkata, in M/s Royal Calcutta Turf Club v. DCIT, allowed deduction on the entire expenditure on an abandoned project development treating the same as revenue in nature. The bench, while...
![Cess Paid on Green Leaves is Deductible from Composite Income: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/02/CESS-Taxscan.jpg "Cess Paid on Green Leaves is Deductible from Composite Income: ITAT Kolkata [Read Order]")