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
![Income from Sale of Shares and Mutual Funds are ‘Capital Gain’ though the Assessee involved in Frequent Transactions: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Income from Sale of Shares and Mutual Funds are ‘Capital Gain’ though the Assessee involved in Frequent Transactions: ITAT Kolkata [Read Order]")
Income from Sale of Shares and Mutual Funds are ‘Capital Gain’ though the Assessee involved in Frequent Transactions: ITAT Kolkata [Read Order]
In ITO v. Dilip B.Desai HUF, the Kolkata bench of the ITAT held that the income earned by the assessee from Sale of Shares and Mutual Funds are short...
![Travel Expenses can be allowed u/s 37(1) even on the basis of Self-made Vouchers: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Travelling-Expense-Taxscan.jpg "Travel Expenses can be allowed u/s 37(1) even on the basis of Self-made Vouchers: ITAT Kolkata [Read Order]")
![Loss on Failure of Joint Venture is Business Loss if the same was for the Expansion of the Existing Business: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Business-Loss-Taxscan.jpg "Loss on Failure of Joint Venture is Business Loss if the same was for the Expansion of the Existing Business: ITAT Kolkata [Read Order]")
![Interest on Secured Loans are Deductible under the Income Tax Act: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Interest-on-Secured-Loans-Taxscan.jpg "Interest on Secured Loans are Deductible under the Income Tax Act: ITAT Kolkata [Read Order]")
![Interest on FDR kept with Bank before Commencement of Business is ‘Income from Other Sources’: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Interest-Taxscan.jpg "Interest on FDR kept with Bank before Commencement of Business is ‘Income from Other Sources’: ITAT Kolkata [Read Order]")
Deduction u/s 80HHD need not be reduced while Computing Deduction u/s 80HHC: ITAT Kolkata [Read Order]
In the case of DCIT, Circle-10, Kolkata v. Vesuvious India Ltd, the division bench of the ITAT, Kolkata ruled that Vesuvious India Ltd there is no need to reduce the deduction under section 80HHD of...
![Deduction u/s 80HHD need not be reduced while Computing Deduction u/s 80HHC: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deduction-Taxscan.jpg "Deduction u/s 80HHD need not be reduced while Computing Deduction u/s 80HHC: ITAT Kolkata [Read Order]")
To invoke Rule 8D, the AO is bound to point out that the Assessee has incurred Expenditure in Earning the Exempt Income: ITAT Kolkata
In a recent ruling, the division bench of the ITAT Kolkata held that while invoking Rule 8D, the A is bound to point out that whether there was any expenditure incurred by the assessee in earning the...
![Wages Paid to Labourers must be Treated as Salary, does not attract TDS: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Wages-Taxscan.jpg "Wages Paid to Labourers must be Treated as Salary, does not attract TDS: ITAT Kolkata [Read Order]")
Assessment u/s 153A must be based on ‘Incriminatory Materials’ found during the Search: ITAT Kolkata [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal, in a recent case, held that assessment under section 153A of the Income Tax Act, 1961 cannot be completed without citing any “incriminatory...
![Assessment u/s 153A must be based on ‘Incriminatory Materials’ found during the Search: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Assessment u/s 153A must be based on ‘Incriminatory Materials’ found during the Search: ITAT Kolkata [Read Order]")
Amendment in Sec 201(1) of the Income Tax Act is Retrospective in nature, rules ITAT Kolkata [Read Order]
While confirming the deletion of the disallowance of amount spent on machine hire charges, the Income Tax Appellate Tribunal, Kolkata bench has ruled that TDS provisions are not applicable if the...
![Amendment in Sec 201(1) of the Income Tax Act is Retrospective in nature, rules ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Amendment in Sec 201(1) of the Income Tax Act is Retrospective in nature, rules ITAT Kolkata [Read Order]")
No TDS on Inspection fee paid to a Govt Organization if the Payee has included the same in its Receipt: ITAT Kolkata [Read Order]
The ITAT, Kolkata bench has recently ruled that TDS provisions are not applicable to payments made to a Government organization if the payee has included the same in its receipt. The Tribunal...
![No TDS on Inspection fee paid to a Govt Organization if the Payee has included the same in its Receipt: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Tax-dedution-at-source-TDS-Tax-Scan.jpg "No TDS on Inspection fee paid to a Govt Organization if the Payee has included the same in its Receipt: ITAT Kolkata [Read Order]")
![Registration can be allowed to a Trust even at the Commencement Stage: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Charitable-Trust-Taxscan.jpg "Registration can be allowed to a Trust even at the Commencement Stage: ITAT Kolkata [Read Order]")