![Failure to Deduct TDS on Expenses u/s 40(a)(ia): ITAT Sets Aside Ex Parte Order, Remands Matter for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/07/30/500x300_2070772-failure-deduct-tds-on-expenses-itat-ex-parte-order-remands-matter-fresh-adjudication-taxscan.webp "Failure to Deduct TDS on Expenses u/s 40(a)(ia): ITAT Sets Aside Ex Parte Order, Remands Matter for Fresh Adjudication [Read Order]")
Failure to Deduct TDS on Expenses u/s 40(a)(ia): ITAT Sets Aside Ex Parte Order, Remands Matter for Fresh Adjudication [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) sets aside an ex parte order of the Commissioner of Income Tax (Appeals)[CIT(A)] in a case...
![ITAT upholds CIT(A)s Deletion of Additions u/s 68, Citing Sufficient Cash Balance and Lack of Evidence for Accommodation Entries [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-ITAT-Kolkata-Citing-Sufficient-Cash-Balance-Sufficient-Cash-Balance-Cash-Balance-Lack-of-Evidence-Accommodation-Entries-TAXSCAN.jpg "ITAT upholds CIT(A)s Deletion of Additions u/s 68, Citing Sufficient Cash Balance and Lack of Evidence for Accommodation Entries [Read Order]")
![Profit derived from Services Rendered as Public Utility Service is Very Meager: ITAT directs AO to allows Exemption u/s 11 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/ITAT-Kolkata-tax-update-Income-Tax-Act-tax-news-Taxscan.jpg "Profit derived from Services Rendered as Public Utility Service is Very Meager: ITAT directs AO to allows Exemption u/s 11 of Income Tax Act [Read Order]")
![Â ITAT Annual Digest [PART 19]](https://www.taxscan.in/wp-content/uploads/2024/01/ITAT-ANNUAL-DIGEST-ITAT-ANNUAL-DIGEST-PART-19-ITAT-ANNUAL-DIGEST-PART-19-taxscan.jpg "Â ITAT Annual Digest [PART 19]")
Subsidy received in form of VAT reimbursement from State Governments towards Industrialization shall be termed Capital Receipt: ITAT grants relief to Britannia Industries [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) while granting relief to Britannia Industries held that the subsidy received in the form of Value Added Tax (VAT) reimbursement from the...
![Subsidy received in form of VAT reimbursement from State Governments towards Industrialization shall be termed Capital Receipt: ITAT grants relief to Britannia Industries [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Britannia-Industries-Capital-Receipt-income-tax-Industrialization-taxscan.jpg "Subsidy received in form of VAT reimbursement from State Governments towards Industrialization shall be termed Capital Receipt: ITAT grants relief to Britannia Industries [Read Order]")
Non-Consideration of Evidences Furnished to Prove Identity and Creditworthiness of Investors and Genuiness of Transaction: ITAT directs AO to Delete Income Tax Addition [Read Order]
The Kolkata Bench held that the assessee has furnished all the evidences proving identity and creditworthiness of the investors and genuineness of the transactions but AO has not commented on these...
![Non-Consideration of Evidences Furnished to Prove Identity and Creditworthiness of Investors and Genuiness of Transaction: ITAT directs AO to Delete Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Additions-Income-Tax-Act-Income-Tax-Income-Tax-Act-cant-be-Initiated-by-AO-without-Furnishing-Necessary-Evidences-AO-ITAT-Taxscan.jpg "Non-Consideration of Evidences Furnished to Prove Identity and Creditworthiness of Investors and Genuiness of Transaction: ITAT directs AO to Delete Income Tax Addition [Read Order]")
Addition for Deemed Dividend u/s 2(22)(e) of Income Tax Act Can Only be Made in the Hands of Shareholder: ITAT [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT) has held that the addition for deemed dividend under Section 2(22) of the Income Tax Act,1961 could only be made in the hands of...
![Addition for Deemed Dividend u/s 2(22)(e) of Income Tax Act Can Only be Made in the Hands of Shareholder: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Addition-Deemed-Dividend-Income-Tax-Act-Hands-of-Shareholder-ITAT-taxscan.jpg "Addition for Deemed Dividend u/s 2(22)(e) of Income Tax Act Can Only be Made in the Hands of Shareholder: ITAT [Read Order]")
ITAT deletes addition made u/s 69 of Income Tax Act on Account of Gold Loan obtained from Partner which recorded under Books of Account [Read Order]
The Income Tax Appellate Tribunal (ITAT) Kolkata Bench deleted the addition made under Section 69 of Income Tax Act, 1961 on account of gold loan obtained from partner which was recorded under books...
![ITAT deletes addition made u/s 69 of Income Tax Act on Account of Gold Loan obtained from Partner which recorded under Books of Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Income-Tax-Act-Account-Gold-Loan-Partner-recorded-Books-Account-TAXSCAN.jpg "ITAT deletes addition made u/s 69 of Income Tax Act on Account of Gold Loan obtained from Partner which recorded under Books of Account [Read Order]")
No Penalty can be imposed if Assessee Proves there was Reasonable cause for Delay in Filing Books of Account u/s 273B of Income Tax Act: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that no penalty can be imposed if the assessee proves that there was a reasonable cause for delay in filing books of account under...
![No Penalty can be imposed if Assessee Proves there was Reasonable cause for Delay in Filing Books of Account u/s 273B of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Penalty-Assessee-Proves-Reasonable-cause-Delay-Filing-Books-Account-Income-Tax-Act-ITAT-TAXSCAN.jpg "No Penalty can be imposed if Assessee Proves there was Reasonable cause for Delay in Filing Books of Account u/s 273B of Income Tax Act: ITAT [Read Order]")
LTCG for Sale of Equity Shares as Bogus, not eligible to Exemption u/s 10(38) of Income Tax Act: ITAT confirms Income Tax Addition [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) confirmed addition on the ground that Long Term Capital Gain (LTCG) for sale of equity shares as bogus, not eligible to exemption under...
![LTCG for Sale of Equity Shares as Bogus, not eligible to Exemption u/s 10(38) of Income Tax Act: ITAT confirms Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/LTCG-for-Sale-of-Equity-Shares-as-Bogus-Income-Tax-Act-ITAT-confirms-Income-Tax-Addition-TAXSCAN.jpg "LTCG for Sale of Equity Shares as Bogus, not eligible to Exemption u/s 10(38) of Income Tax Act: ITAT confirms Income Tax Addition [Read Order]")
Provisions of Section 41(1) cannot apply when liability is still payable to Sundry Creditor and not written off in Books of Account: ITAT [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT), held that Provisions of section 41(1) of the Income Tax Act, 1961 cannot apply when liability is still ‘payable’ to sundry creditor and...
![Provisions of Section 41(1) cannot apply when liability is still payable to Sundry Creditor and not written off in Books of Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/liability-still-payable-Books-of-Account-ITAT-TAXSCAN.jpeg "Provisions of Section 41(1) cannot apply when liability is still payable to Sundry Creditor and not written off in Books of Account: ITAT [Read Order]")