![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]")
Assessment Proceedings against a Non-Existent Company is Void Ab Initio: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) recently held that the Assessment proceedings against a non-existent company is Void Ab...
![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]](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]")
Interest expenses u/s 36(1)(iii) not allowable for Utilization of Funds for Investment in Shares of Subsidiary Company: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), held that Interest expenses under Section 36(1)(iii) of the Income Tax Act, 1961 not allowable for utilization of funds for investment...
![Interest expenses u/s 36(1)(iii) not allowable for Utilization of Funds for Investment in Shares of Subsidiary Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Interest-Funds-Investment-in-Shares-of-Subsidiary-Company-ITAT-TAXSCAN.jpg "Interest expenses u/s 36(1)(iii) not allowable for Utilization of Funds for Investment in Shares of Subsidiary Company: ITAT [Read Order]")
Income Tax Addition u/s 68 not permissible When Assessee furnished all evidences proving identity and creditworthiness of the Investors: ITAT upholds order of CIT(A)
Income Tax Addition u/s 68 of the Income Tax Act,1961 is not permissible when the assessee furnished all evidence proving the identity and creditworthiness of the investors, the Kolkata Bench of the...
