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
Deduction u/s. 54EC must be Allowed on the basis of Actual Consideration, S. 50C has No Application: ITAT Kolkata
In a recent ruling, the ITAT, Kolkata held that deduction under section 54EC of the Income Tax Act must be allowed on the basis of actual sale...
![Penalty u/s 271(1)(c) is not Leviable when Income was Charged under MAT Provisions: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Penalty u/s 271(1)(c) is not Leviable when Income was Charged under MAT Provisions: ITAT Kolkata [Read Order]")
![Payments made to WB State Electricity Distribution Company cannot be disallowed u/s 40A(3): Kolkata ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Payments.jpg "Payments made to WB State Electricity Distribution Company cannot be disallowed u/s 40A(3): Kolkata ITAT [Read Order]")
Shareholding by Subsidiary Co. is irrelevant while considering ‘Deemed Dividend’ Liability of Holding Co.: ITAT Kolkata
In DCIT v. M/s. The Hooghly Mills Co.Ltd, the ITAT Kolkata held that shareholding by Subsidiary Company is irrelevant while considering ‘deemed dividend’ liability of Holding Company under section...
Rent-Free Accommodation Received by a Part Time-Director cum Employee from the Company is Not ‘Business Income’: ITAT Kolkata
In ITO v. Raghu Nandan Modi, the ITAT Kolkata held that rent-Free accommodation received by a Part Time-Director cum Employee from the Company cannot be taxable as “Business Income” under the...
ITAT confirms Order allowing IT deduction u/s 10A and 10AA to EY without Set Off of Loss of Taxable unit [Read Order]
In a major relief to the Ernst & Young Pvt Ltd (EY), the Kolkata bench of the ITAT confirmed the original assessment order passed by the Assessing Officer allowing deduction under sections 10A and...
![ITAT confirms Order allowing IT deduction u/s 10A and 10AA to EY without Set Off of Loss of Taxable unit [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/05/Ernt-Young-EY-Taxscan.jpg "ITAT confirms Order allowing IT deduction u/s 10A and 10AA to EY without Set Off of Loss of Taxable unit [Read Order]")
![Re-Assessment without any ‘Fresh Tangible Materials’ is Invalid: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Re-Assessment-Taxscan.jpg "Re-Assessment without any ‘Fresh Tangible Materials’ is Invalid: ITAT Kolkata [Read Order]")
Registration u/s 12A cannot be denied to a Trust merely on Ground of Collection of Fee: ITAT Kolkata [Read Order]
In Gyaan Vikas Foundation v. CIT (Exemptions), the division bench of the ITAT, Kolkata held that registration under section 12A of the Income Tax Act cannot be denied to a Trust merely on the ground...
![Registration u/s 12A cannot be denied to a Trust merely on Ground of Collection of Fee: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Chandigarh-Taxscan.jpg "Registration u/s 12A cannot be denied to a Trust merely on Ground of Collection of Fee: ITAT Kolkata [Read Order]")
TDS u/s 194C Applicable to Payments made towards Channel Carriage Fees, Up-Linking Charges and Bandwidth Charges: ITAT Kolkata [Read Order]
In ITO v. Media Worldwide Pvt Ltd, the division bench of the Income Tax Appellate Tribunal (ITAT) Kolkata held that payments on account of channel carriage fees, up-linking charges, and Bandwidth...
![TDS u/s 194C Applicable to Payments made towards Channel Carriage Fees, Up-Linking Charges and Bandwidth Charges: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Tax-dedution-at-source-TDS-Tax-Scan.jpg "TDS u/s 194C Applicable to Payments made towards Channel Carriage Fees, Up-Linking Charges and Bandwidth Charges: ITAT Kolkata [Read Order]")
Ex-Gratia Payments made in connection with VRS due to Closure of Business is Deductible u/s 37(1): ITAT Kolkata [Read Order]
In DCIT v. M/s Linde India Ltd, the ITAT Kolkata bench held that ex-gratia/additional Payments made by a company in connection with VRS due to closure of Business is allowable as Expenditure under...
![Ex-Gratia Payments made in connection with VRS due to Closure of Business is Deductible u/s 37(1): ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Ex-Gratia Payments made in connection with VRS due to Closure of Business is Deductible u/s 37(1): ITAT Kolkata [Read Order]")