![Magnitude of Profit is not Decisive factor about Genuineness of existence of an Investee Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Kolkata-Income-Tax-Profit-TAXSCAN.jpg "Magnitude of Profit is not Decisive factor about Genuineness of existence of an Investee Company: ITAT [Read Order]")
Magnitude of Profit is not Decisive factor about Genuineness of existence of an Investee Company: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has observed that the magnitude of profit is not decisive factor about genuineness of...
![Relief to ICC: ITAT grants Income Tax Exemption on Receipts from Seminars and Conferences [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/ICC-Indian-Chamber-of-Commerce-ITAT-Income-Tax-Exemption-ITAT-Kolkata-ITAT-decision-on-ICC-TAXSCAN.jpg "Relief to ICC: ITAT grants Income Tax Exemption on Receipts from Seminars and Conferences [Read Order]")
![Disallowance u/s 14A shall not be made when No Demonstrable Evidence has been shown against Expenditure related to Earning of Tax-Free Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Tax-Free-Income-ITAT-Disallowance-Demonstrable-Evidence-taxscan.jpg "Disallowance u/s 14A shall not be made when No Demonstrable Evidence has been shown against Expenditure related to Earning of Tax-Free Income: ITAT [Read Order]")
![Levy of Interest u/s. 115P and DDT Liability u/s. 115O does not Arise out of Assessment Order u/s.143(3) of Income Tax Act: ITAT Quashes Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-Quashes-Revision-Order-Revision-Order-ITAT-Quashes-ITAT-News-Tax-News-Income-Tax-News-Quashes-Revision-Order-TAXSCAN.jpg "Levy of Interest u/s. 115P and DDT Liability u/s. 115O does not Arise out of Assessment Order u/s.143(3) of Income Tax Act: ITAT Quashes Revision Order [Read Order]")
![Inadvertent Mistake due to Typographical Error in Calculating Total Income: ITAT Set Aside Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Inadvertent-Mistake-Mistake-Typographical-Error-Total-Income-Income-ITAT-Revision-Order-ITAT-Set-Aside-Revision-Order-taxscan.jpg "Inadvertent Mistake due to Typographical Error in Calculating Total Income: ITAT Set Aside Revision Order [Read Order]")
Documentary Evidences Furnished by Assessee to Claim Loss Suffered not held to be Bogus/False by AO during Assessment or Penalty Proceedings : ITAT Deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) held that the documentary evidences have not been held as false either by the AO during the assessment proceeding or during penalty...
![Documentary Evidences Furnished by Assessee to Claim Loss Suffered not held to be Bogus/False by AO during Assessment or Penalty Proceedings : ITAT Deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Documentary-Evidences-Furnished-Assessee-Claim-Loss-Suffered-Bogus-False-AO-during-Assessment-Penalty-Proceedings-ITAT-Deletes-Penalty-Income-Tax-Act-TAXSCAN.jpg "Documentary Evidences Furnished by Assessee to Claim Loss Suffered not held to be Bogus/False by AO during Assessment or Penalty Proceedings : ITAT Deletes Penalty u/s 271(1)(c) of Income Tax Act [Read Order]")
Income earned from providing IT services to Indian customers is taxable in India due to use of service in India: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT ) Kolkata held that Income earned from providing It services to Indian Customers is taxable in India because the service is used in india. Assessee,...
![Income earned from providing IT services to Indian customers is taxable in India due to use of service in India: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Income-earned-from-providing-IT-services-to-Indian-customers-is-taxable-India-due-service-in-India-ITAT-TAXSCAN.jpg "Income earned from providing IT services to Indian customers is taxable in India due to use of service in India: ITAT [Read Order]")
ITAT Deletes Estimated Addition made by AO in Hypothetical Way by making Disallowance of Loss claimed by Assessee u/s 41 of Income Tax Act [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has deleted the estimated addition made by the Assessing Officer (AO) in a hypothetical way by making disallowance of loss claimed by the...
![ITAT Deletes Estimated Addition made by AO in Hypothetical Way by making Disallowance of Loss claimed by Assessee u/s 41 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-Estimated-AO-Hypothetical-Disallowance-Loss-claimed-Assessee-Income-Tax-Act-TAXSCAN.jpg "ITAT Deletes Estimated Addition made by AO in Hypothetical Way by making Disallowance of Loss claimed by Assessee u/s 41 of Income Tax Act [Read Order]")
ITAT directs Re-adjudication on Transfer Pricing Adjustments against Reckitt Benckiser by Treating allocated Expenses as NIL [Read Order]
The Kolkata bench of the Income Tax Appellate tribunal held that as no method has been applied by the TPO or DRP to bench-mark these transactions, the issue be remitted back to TPO. ...
![ITAT directs Re-adjudication on Transfer Pricing Adjustments against Reckitt Benckiser by Treating allocated Expenses as NIL [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-Re-adjudication-Transfer-Pricing-Adjustments-Reckitt-Benckiser-taxscan.jpg "ITAT directs Re-adjudication on Transfer Pricing Adjustments against Reckitt Benckiser by Treating allocated Expenses as NIL [Read Order]")
No disallowance can be on GST paid before due date of Filing ROI: ITAT Restores matter to FAA [Read Order]
The Income Tax Appellate Tribunal (ITAT) Kolkata Bench while restoring the matter before the First Appellate Authority (FAA) held that no disallowance could be on Goods and Service Tax paid...
![No disallowance can be on GST paid before due date of Filing ROI: ITAT Restores matter to FAA [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-disallowance-GST-Filing-ROI-ITAT-Restores-FAA-TAXSCAN-1.jpg "No disallowance can be on GST paid before due date of Filing ROI: ITAT Restores matter to FAA [Read Order]")
ITAT Deletes Addition made by AO on ground of Disclosure of Genuine Documents of Land Purchase u/s 56(2)(vii) of Income Tax Act [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) deleted the addition made by the assessing officer on the ground of disclosure of genuine documents of land purchase under section...
![ITAT Deletes Addition made by AO on ground of Disclosure of Genuine Documents of Land Purchase u/s 56(2)(vii) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Deletes-Addition-made-by-AO-on-ground-of-Disclosure-of-Genuine-Documents-of-Land-Purchase-of-Income-Tax-Act-TAXSCAN.jpg "ITAT Deletes Addition made by AO on ground of Disclosure of Genuine Documents of Land Purchase u/s 56(2)(vii) of Income Tax Act [Read Order]")
Assessment order without DIN is Violation of CBDT Circular 2019: ITAT declares order Void ab initio [Read Order]
The Pune bench of Income Tax Appellate Tribunal (ITAT) has held that assessment order passed without Document Identification Number (DIN) is violation of Central Board Direct Tax (CBDT) circular...
![Assessment order without DIN is Violation of CBDT Circular 2019: ITAT declares order Void ab initio [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Assessment-order-DIN-CBDT-ITAT-Void-ab-initio-ITAT-TAXSCAN.jpg "Assessment order without DIN is Violation of CBDT Circular 2019: ITAT declares order Void ab initio [Read Order]")