![Cessation of Liabilities u/s 41(1): ITAT Upholds Deletion of Additions by CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Cessation-of-Liabilities-Cessation-of-Liabilities-Section-411-ITAT-ITAT-Upholds-Deletion-of-Additions-CITA-Deletion-of-Additions-by-CITA-taxscan.jpg "Cessation of Liabilities u/s 41(1): ITAT Upholds Deletion of Additions by CIT(A) [Read Order]")
Cessation of Liabilities u/s 41(1): ITAT Upholds Deletion of Additions by CIT(A) [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s decision in deleting the additions...
![Unexplained Cash Deposits u/s 69A: ITAT upholds CIT(A)s deletion of ₹2.27 Crore Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Unexplained-Cash-Deposits-TAXSCAN.jpg "Unexplained Cash Deposits u/s 69A: ITAT upholds CIT(A)s deletion of ₹2.27 Crore Addition [Read Order]")
![Additions u/s 68 & 69A made without Examining Books of Accounts: ITAT remands case for Reassessment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Sections-68-Income-Tax-Act-Examining-Books-of-Accounts-Books-of-Accounts-taxscan.jpg "Additions u/s 68 & 69A made without Examining Books of Accounts: ITAT remands case for Reassessment [Read Order]")
![Contributions to approved Superannuation Fund deductible u/s 36(1)(iv) of Income Tax if within Prescribed Limits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "Contributions to approved Superannuation Fund deductible u/s 36(1)(iv) of Income Tax if within Prescribed Limits: ITAT [Read Order]")
![ITAT Relieves Cooperative Society of ₹1 Crore Penalty u/s 271E for Loan Repayment in Cash [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Income-Tax-Appellate-Tribunal-Cooperative-society-TAXSCAN.jpg "ITAT Relieves Cooperative Society of ₹1 Crore Penalty u/s 271E for Loan Repayment in Cash [Read Order]")
ITAT Relies on Jet Airways Judgment: Quashes ₹3.98 Crore Addition for Lack of Original Grounds [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the appeal of the assessee, relying on the landmark judgment of Bombay High Court in the case of  CIT vs. Jet Airways (I) Ltd., and...
![ITAT Relies on Jet Airways Judgment: Quashes ₹3.98 Crore Addition for Lack of Original Grounds [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Kolkata-Income-Tax-Appellate-Tribunal-Jet-Airways-Judgment-taxscan.jpg "ITAT Relies on Jet Airways Judgment: Quashes ₹3.98 Crore Addition for Lack of Original Grounds [Read Order]")
![No Incriminating Material Found against Oswal Fab Knits: ITAT deletes Additions [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Chandigarh-Income-Tax-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "No Incriminating Material Found against Oswal Fab Knits: ITAT deletes Additions [Read Order]")
ITAT sets aside Income Tax Addition due to lack of proper persuasion before Authorities, directs Re examination of Egg Traders Account [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) held that the additions made by the Assessing Officer ( AO ) cannot be sustained due to lack of proper persuasion by the appellant before...
![ITAT sets aside Income Tax Addition due to lack of proper persuasion before Authorities, directs Re examination of Egg Traders Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-Addition-lack-of-proper-persuasion-Authorities-Re-examination-Egg-Traders-Account-taxscan.jpg "ITAT sets aside Income Tax Addition due to lack of proper persuasion before Authorities, directs Re examination of Egg Traders Account [Read Order]")
ITAT deletes Rs. 19.6 Lakh Addition for AY 2018-19, applying Retrospective 10% Safe Harbour Limit based on Curative Amendment [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) deleted the ₹19.6 lakh addition made for AY 2018-19 under Section 56(2)(x)(b) of the Income Tax Act,1961 applying the retrospective 10%...
![ITAT deletes Rs. 19.6 Lakh Addition for AY 2018-19, applying Retrospective 10% Safe Harbour Limit based on Curative Amendment [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-AY-2018-Retrospective-Safe-Harbour-Curative-Amendment-taxscan.jpg "ITAT deletes Rs. 19.6 Lakh Addition for AY 2018-19, applying Retrospective 10% Safe Harbour Limit based on Curative Amendment [Read Order]")
Purchases Treated as Bogus in Another Year Cannot Solely Justify Similar Treatment for Year Under Consideration: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that purchases treated as bogus in one financial year cannot automatically be presumed bogus in another year without sufficient...
![Purchases Treated as Bogus in Another Year Cannot Solely Justify Similar Treatment for Year Under Consideration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Purchases-Treated-as-Bogus-Solely-Justify-Similar-Treatment-purchases-treated-as-bogus-in-one-financial-year-taxscan.jpg "Purchases Treated as Bogus in Another Year Cannot Solely Justify Similar Treatment for Year Under Consideration: ITAT [Read Order]")
ITAT upholds Exemption u/s 10(23C)(iiiab) Despite Late Filing and Incorrect Form Submission [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the exemption under section 10(23C)(iiiab) of the Income Tax Act,1961 despite late filing of the income tax return and the use of an...
![ITAT upholds Exemption u/s 10(23C)(iiiab) Despite Late Filing and Incorrect Form Submission [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Section-1023Ciiiab-of-Income-Tax-Act-Income-Tax-Income-Tax-Act-Section-1023Ciiiab-of-ITA-Taxscan.jpeg "ITAT upholds Exemption u/s 10(23C)(iiiab) Despite Late Filing and Incorrect Form Submission [Read Order]")
Benefit u/s 80G of Income Tax Act Cannot be Denied due to Technical Error in Making Application For Final Approval: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) held that the benefit of Section 80G of the Income Tax Act, 1961 cannot be denied due to technical errors that occurred in making the...
![Benefit u/s 80G of Income Tax Act Cannot be Denied due to Technical Error in Making Application For Final Approval: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-Income-Tax-Act-Income-Tax-Appellate-Tribunal-Kolkata-bench-of-ITAT-Donations-Taxscan.jpeg "Benefit u/s 80G of Income Tax Act Cannot be Denied due to Technical Error in Making Application For Final Approval: ITAT [Read Order]")