![ITAT deletes Addition due to Time-Barred Issuance of Notice u/s 143(2) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-deletes-Addition-due-to-Time-Barred-Issuance-of-Notice-ITAT-Time-Barred-Issuance-of-Notice-Issuance-of-Notice-Notice-ITAT-deletes-Addition-Taxscan.jpg "ITAT deletes Addition due to Time-Barred Issuance of Notice u/s 143(2) [Read Order]")
ITAT deletes Addition due to Time-Barred Issuance of Notice u/s 143(2) [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) recently deleted the addition due to time-barred issuance of notice under Section...
![Addition u/s 50C of Income Tax Act based on SVAs Overvaluation of Capital Gain Sale Consideration : ITAT directs Readjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Addition-us-50C-of-Income-Tax-Act-based-on-SVAs-Overvaluation-of-Capital-Gain-Sale-Consideration-ITAT-directs-Readjudication-TAXSCAN.jpg "Addition u/s 50C of Income Tax Act based on SVAs Overvaluation of Capital Gain Sale Consideration : ITAT directs Readjudication [Read Order]")
![Assessment Proceedings against a Non-Existent Company is Void Ab Initio: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Assessment-Proceedings-Assessment-Non-Existent-Company-Void-Ab-Initio-ITAT-taxscan.jpg "Assessment Proceedings against a Non-Existent Company is Void Ab Initio: ITAT [Read Order]")
![Addition u/s 68 not valid when assessee proves identity, Creditworthiness and Genuineness of Share Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Addition-Creditworthiness-Genuineness-of-Share-Transaction-Share-Transaction-Share-Transaction-ITAT-Income-Tax-Tax-Taxscan.jpg "Addition u/s 68 not valid when assessee proves identity, Creditworthiness and Genuineness of Share Transaction: ITAT [Read Order]")
Income Tax Deduction Claim u/s 80IA cannot be denied for Vague and Ambiguous Reasons: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Kolkata Bench, has recently, in an appeal filed before it, held that income tax deduction claim u/s 80IA cannot be denied for vague and ambiguous reasons. ...
![Income Tax Deduction Claim u/s 80IA cannot be denied for Vague and Ambiguous Reasons: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Deduction-Income-Tax-Income-Tax-Deduction-Claim-Vague-ITAT-Taxscan.jpg "Income Tax Deduction Claim u/s 80IA cannot be denied for Vague and Ambiguous Reasons: ITAT [Read Order]")
![Interest paid on Delayed Deposit of Income Tax/TDS Not Allowable as Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Interest-Deposit-Income-Tax-TDS-ITAT-TAXSCAN.jpg "Interest paid on Delayed Deposit of Income Tax/TDS Not Allowable as Expenditure: ITAT [Read Order]")
Protective Addition made to Save Interest of Revenue not permissible, Assessment can't be reopened based on contingent reason: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Protective addition made to save interest of revenue is not permissible and the assessment can't be reopened based on...
![Protective Addition made to Save Interest of Revenue not permissible, Assessment cant be reopened based on contingent reason: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Protective-Addition-Interest-Interest-of-Revenue-Assessment-ITAT-taxscan-2.jpg "Protective Addition made to Save Interest of Revenue not permissible, Assessment cant be reopened based on contingent reason: ITAT [Read Order]")
Relief to Doloo Tea Company: ITAT deletes Income Tax Addition made by Taxing Sale of Tea bushes and Shade Trees [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), deletes addition made by taxing sale of tea bushes and shade trees, thereby granting relief Doloo Tea Company (India) Ltd, the assessee....
![Relief to Doloo Tea Company: ITAT deletes Income Tax Addition made by Taxing Sale of Tea bushes and Shade Trees [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Doloo-Tea-Company-ITAT-Income-Tax-Addition-Taxing-Tea-bushes-Shade-Trees-TAXSCAN.jpg "Relief to Doloo Tea Company: ITAT deletes Income Tax Addition made by Taxing Sale of Tea bushes and Shade Trees [Read Order]")
Treating Share Subscription by One Party as Unexplained Cash Credit: ITAT deletes Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Kolkata Bench consisting of Sanjay Garg, Judicial Member and Dr. Manish Borad, Accountant Member deleted addition as there was treating share subscription...
![Treating Share Subscription by One Party as Unexplained Cash Credit: ITAT deletes Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Share-Subscription-Unexplained-Cash-Credit-Unexplained-Cash-Cash-Credit-ITAT-Taxscan.jpg "Treating Share Subscription by One Party as Unexplained Cash Credit: ITAT deletes Income Tax Addition [Read Order]")
ITAT remands back matter to consider pending DVO Report to calculate income from Sale of Land [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Kolkata Bench remanded back matter to consider pending District Valuation Officer (DVO) Report to calculate income from sale of land. The assessee, M/s....
![ITAT remands back matter to consider pending DVO Report to calculate income from Sale of Land [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/ITAT-DVO-Report-income-from-sale-of-land-income-sale-of-land-DVO-taxscan-taxnews.jpg "ITAT remands back matter to consider pending DVO Report to calculate income from Sale of Land [Read Order]")