![GST paid on Sale of byproduct of Coal and total purchase price collected as a middleman cannot be added u/s 68: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/GST-Coal-middleman-ITAT-TAXSCAN.jpg "GST paid on Sale of byproduct of Coal and total purchase price collected as a middleman cannot be added u/s 68: ITAT [Read Order]")
GST paid on Sale of byproduct of Coal and total purchase price collected as a middleman cannot be added u/s 68: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal has held that GST paid on the sale of the byproduct of coal and total purchase price collected as...
![Foundation for Levy of Penalty is on Addition made of Concealment of Income, No Penalty u/s 271(1)(c) imposable in the Absence of Addition: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Penalty-Addition-Concealment-Income-Penalty-ITAT-TAXSCAN.jpg "Foundation for Levy of Penalty is on Addition made of Concealment of Income, No Penalty u/s 271(1)(c) imposable in the Absence of Addition: ITAT [Read Order]")
![Disclosure of Undisclosed by Other Persons during Search Not Binding on Assessee, Penalty u/s 271AAB Not Leviable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Assessee-Penalty-ITAT-TAXSCAN.jpg "Disclosure of Undisclosed by Other Persons during Search Not Binding on Assessee, Penalty u/s 271AAB Not Leviable: ITAT [Read Order]")
![Addition made on personal belief and imagination by AO: ITAT deletes Addition of Rupees One Crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Addition-AO-ITAT-taxscan.jpg "Addition made on personal belief and imagination by AO: ITAT deletes Addition of Rupees One Crore [Read Order]")
![Earning Interest Income from Inter-Corporate Deposit is Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/interest-income-Inter-corporate-Deposit-business-income-ITAT-taxscan.jpeg "Earning Interest Income from Inter-Corporate Deposit is Business Income: ITAT [Read Order]")
![Payment made to Non-Resident not having PE in India not Royalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Payment-non-resident-royalty-ITAT-taxscan.jpg "Payment made to Non-Resident not having PE in India not Royalty: ITAT [Read Order]")
Assessing Officer fails to Cross Verify TDS details from Concerned Party: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Kolkata has held that the Assessing Officer fails to cross verify Tax Deduction at Source (TDS) details from the concerned party and deletes addition. ...
![Assessing Officer fails to Cross Verify TDS details from Concerned Party: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/AO-TDS-ITAT-taxscan.jpeg "Assessing Officer fails to Cross Verify TDS details from Concerned Party: ITAT deletes Addition [Read Order]")
No Search Conducted on Assessee: ITAT upholds Deletion of Penalty u/s 271AAB on Undisclosed Income [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT), has held that no search was conducted on the assessee and upholds the deletion of penalty under section 271AAB on undisclosed income. The...
![No Search Conducted on Assessee: ITAT upholds Deletion of Penalty u/s 271AAB on Undisclosed Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Assessee-ITAT-Penalty-Undisclosed-Income-taxscan.jpeg "No Search Conducted on Assessee: ITAT upholds Deletion of Penalty u/s 271AAB on Undisclosed Income [Read Order]")
Depreciation on Block of Assets: ITAT directs to allow Depreciation in respect of Closed Units/Non-Functional Undertakings [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT), has been directed to allow depreciation in respect of closed units and non-functional undertakings since depreciation is claimed on the...
![Depreciation on Block of Assets: ITAT directs to allow Depreciation in respect of Closed Units/Non-Functional Undertakings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Block-of-Assets-ITAT-Depreciation-taxscan.jpg "Depreciation on Block of Assets: ITAT directs to allow Depreciation in respect of Closed Units/Non-Functional Undertakings [Read Order]")
![No Addition of Interest on Restructure of Working Capital Cash Credit Loan: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-Working-Capital-Cash-Credit-Loan-ITAT-taxscan.jpg "No Addition of Interest on Restructure of Working Capital Cash Credit Loan: ITAT [Read Order]")
![Non-mentioning of Relevant Limb in Penalty Notice is not a Curable Defect: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Penalty-Notice-Relevant-Limb-ITAT-Taxscan.jpg "Non-mentioning of Relevant Limb in Penalty Notice is not a Curable Defect: ITAT [Read Order]")
![Disallowance under section 14A not to be considered while computing Book Profit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Disallowance-section-14A-Book-Profit-ITAT-Taxscan.jpeg "Disallowance under section 14A not to be considered while computing Book Profit: ITAT [Read Order]")