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
![ITAT Weekly Round-Up [May 11th - May 18th]](https://www.taxscan.in/wp-content/uploads/2025/05/itat-itat-roundup-weeklyrounup-taxscan-1.jpg "ITAT Weekly Round-Up [May 11th - May 18th]")
ITAT Weekly Round-Up [May 11th - May 18th]
This weekly round-up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan during the...
![No Evidence of Price Rigging: Calcutta HC Dismisses Income Tax Dept Appeal in Rs. 71L Penny Stock Loss Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Calcutta-High-Court-Income-Tax-Dept-Appeal-Penny-Stock-Loss-Case-TAXSCAN.jpg "No Evidence of Price Rigging: Calcutta HC Dismisses Income Tax Dept Appeal in Rs. 71L Penny Stock Loss Case [Read Order]")
![Mere Non-Compliance of Summons u/s 131 Not Ground for Addition u/s 68 When Evidences Furnished before AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Incriminating-Material-ITAT-TAXSCAN.jpg "Mere Non-Compliance of Summons u/s 131 Not Ground for Addition u/s 68 When Evidences Furnished before AO: ITAT [Read Order]")
![Reopening u/s 147 Must Be Based on Specific and Clear Grounds, Not Borrowed Satisfaction: ITAT Quashes ₹68L Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-ITAT-Kolkata-Reopening-under-section-147-TAXSCAN.jpg "Reopening u/s 147 Must Be Based on Specific and Clear Grounds, Not Borrowed Satisfaction: ITAT Quashes ₹68L Addition [Read Order]")
![Share Capital Received from Previous AY Cannot Be Taxable as Unexplained Cash Credit: ITAT Deletes Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Share-Capital-Unexplained-Cash-Credit-Unexplained-Cash-taxscan.jpg "Share Capital Received from Previous AY Cannot Be Taxable as Unexplained Cash Credit: ITAT Deletes Addition u/s 68 [Read Order]")
CIT(A) Mistakenly Treated Private Company as Cooperative Society u/s 80P: ITAT remands Case [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) set aside the order of the Commissioner of Income Tax (Appeals) [CIT(A)] and directed a fresh examination, observing that Section 80P of...
![CIT(A) Mistakenly Treated Private Company as Cooperative Society u/s 80P: ITAT remands Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Cooperative-Society-ITAT-remands-Case-ITAT-taxscan.jpg "CIT(A) Mistakenly Treated Private Company as Cooperative Society u/s 80P: ITAT remands Case [Read Order]")
Reopening Assessments Beyond Four Years Requires AO to Prove Non-Disclosure of Material Facts by Assessee: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) held that reassessment proceedings initiated after four years under Section 147 of the Income Tax Act, 1961, are not valid unless the...
![Reopening Assessments Beyond Four Years Requires AO to Prove Non-Disclosure of Material Facts by Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-ITATDelhi-section-148-of-Income-Tax-Act-Income-Tax-ITAT-Quashes-Reopening-Income-Tax-Appellate-Tribunal-taxscan.jpg "Reopening Assessments Beyond Four Years Requires AO to Prove Non-Disclosure of Material Facts by Assessee: ITAT [Read Order]")
Recall Plea Unjustified as Reassessment was already Quashed: ITAT Rejects Revenue’s Miscellaneous Application [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the revenue’s miscellaneous application seeking recall of its earlier order, ruling that there was no need to recall the...
![Recall Plea Unjustified as Reassessment was already Quashed: ITAT Rejects Revenue’s Miscellaneous Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-ITAT-Kolkata-ITAT-rejects-revenues-application-TAXSCAN.jpg "Recall Plea Unjustified as Reassessment was already Quashed: ITAT Rejects Revenue’s Miscellaneous Application [Read Order]")
ITAT Remands Case for Fresh Hearing Despite Assessee Fails to Respond to Notices Four Times, w/o any Reasons [Read Order]
In a recent ruling, the Kolkata bench of the Income Tax Appellate Tribunal (ITAT) granted the assessee one more opportunity to be heard, despite the assessee having ignored notices from the...
![ITAT Remands Case for Fresh Hearing Despite Assessee Fails to Respond to Notices Four Times, w/o any Reasons [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-fresh-hearing.webp "ITAT Remands Case for Fresh Hearing Despite Assessee Fails to Respond to Notices Four Times, w/o any Reasons [Read Order]")
Loans from Subsidiary to Holding Company not Deemed Dividend u/s 2(22)(e) When Transactions are Part of Consistent Business Practice: ITAT [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal ( ITAT ) Kolkata Bench has held that loans received by a holding company from its subsidiary cannot be taxed as deemed dividend under Section...
![Loans from Subsidiary to Holding Company not Deemed Dividend u/s 2(22)(e) When Transactions are Part of Consistent Business Practice: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Loans-Subsidiary-Holding-Company-taxscan.jpg "Loans from Subsidiary to Holding Company not Deemed Dividend u/s 2(22)(e) When Transactions are Part of Consistent Business Practice: ITAT [Read Order]")
Sikkimese Identity Alone Not Sufficient for S.10(26AAA) Exemption, All Conditions Must Be Verified: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside an order that granted exemption under Section 10(26AAA) of the Income Tax Act, 1961 and ruled that all statutory...
![Sikkimese Identity Alone Not Sufficient for S.10(26AAA) Exemption, All Conditions Must Be Verified: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Undue-Benefit-Tax-Payer-Tax-ITAT-Taxscan.jpg.webp "Sikkimese Identity Alone Not Sufficient for S.10(26AAA) Exemption, All Conditions Must Be Verified: ITAT [Read Order]")
No Income Tax Addition can be made Solely Based on Hypothecated Stock Disclosure to Bank: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) ruled that income additions cannot be made solely based on the difference between stock disclosed to a bank and that recorded in audited...
![No Income Tax Addition can be made Solely Based on Hypothecated Stock Disclosure to Bank: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/BANK-ITAT-TAXSCAN.jpg "No Income Tax Addition can be made Solely Based on Hypothecated Stock Disclosure to Bank: ITAT [Read Order]")