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
![Capital Gain cannot be determined merely on the basis of Stamp Duty: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Capital Gain cannot be determined merely on the basis of Stamp Duty: ITAT Kolkata [Read Order]")
Capital Gain cannot be determined merely on the basis of Stamp Duty: ITAT Kolkata [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal recently ruled that the capital gain cannot be determined solely on the basis of the stamp duty...
![Rule 8D notified by the CBDT on 24-03-2008 did not have Retrospective Application: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Expenses-Taxscan.jpg "Rule 8D notified by the CBDT on 24-03-2008 did not have Retrospective Application: ITAT Kolkata [Read Order]")
![Cash deposit made by the Assessee for the Purchase of Stock-in-Trade cannot be disallowed u/s 40A(3) of the Income Tax Act: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Cash-deposit-min.jpg "Cash deposit made by the Assessee for the Purchase of Stock-in-Trade cannot be disallowed u/s 40A(3) of the Income Tax Act: ITAT Kolkata [Read Order]")
Depreciation on Intellectual Properties cannot be denied on ground that they are not approved by the Govt: ITAT Kolkata [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal, in a recent ruling, opined that the depreciation on intangible assets cannot be disallowed for the reason that they are not approved by the...
![Depreciation on Intellectual Properties cannot be denied on ground that they are not approved by the Govt: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Intellectual-Property-Tax-Scan.jpg "Depreciation on Intellectual Properties cannot be denied on ground that they are not approved by the Govt: ITAT Kolkata [Read Order]")
CIT can exercise Revisionary Jurisdiction only the Assessment Order is Erroneous & Prejudicial to the Interest of Revenue; ITAT Kolkata [Read Order]
The Income Tax Appellate Tribunal, Kolkata division has recently declared that CIT can exercise revisionary jurisdiction under section 263 of the Income Tax Act, 1961 only when the order passed by the...
Income from Sale & Purchase of Shares in Investment Portfolios is “Capital Gain”, not “Business Income”: ITAT Kolkata
The Kolkata Bench of the Income Tax Appellate Tribunal friday held that any income earned by an assessee in respect of sale and purchase of shares in investment portfolios should be treated as...
S. 14A is Applicable in case of Disallowance on account of Expenditure incurred from Exempt Income in the form of Dividend: ITAT Kolkata [Read Order]
The ITAT Kolkata in a recent ruling held that the provisions of section 14A of the Income Tax Act can be invoked to make a disallowance on account of expenditure incurred in relation to the exempt...
![S. 14A is Applicable in case of Disallowance on account of Expenditure incurred from Exempt Income in the form of Dividend: ITAT Kolkata [Read Order]](/images/placeholder.jpg "S. 14A is Applicable in case of Disallowance on account of Expenditure incurred from Exempt Income in the form of Dividend: ITAT Kolkata [Read Order]")