ITAT KOLKATA

  • Income Tax

Self-made cash payment vouchers disallowance made for truck hire charges doubting genuineness of expenditure without any enquiry deleted by ITAT

Self-made cash payment vouchers disallowance additions made for truck hire charges doubting genuineness of expenditure without making any enquiry was…

8 years ago
  • Income Tax

Penalty 271(1)(c) quashed for non-malafide conduct to evade tax payment for 68 years aged retired scientist not conversant with Income Tax Act

Penalty 271(1)(c) quashed for non-malafide conduct to evade tax payment in the case of 68 years aged retired scientist not very much conversant with the…

8 years ago
  • Income Tax

Addition made as stop gap arrangement till TDS return revised to ascertain the true nature of the transactions set aside-ITAT

Addition made as stop gap arrangement till TDS return revised to ascertain the true nature of the transactions set aside by ITAT…

8 years ago
  • Income Tax

Merging orders of re-assessment u/s 143(3)/147 and original assessment u/s 143(3) for the purpose of rectification time limit u/s 154 do not apply

In a recent judgment, ITAT Kolkata has held that the re-assessment under section 143(3)/147 is independent and separate from the original…

8 years ago
  • Income Tax

Itemized sale of plant & machinery of a unit was not sale as a going concern unit, hence, not slump sale u/s 2(42C)

Itemized sale of the plant and machinery of chemical unit vide agreement was not the sale of the unit as a going…

8 years ago
  • Income Tax

Loans Advance given on interest not deemed dividend u/s 2(22)(e) as shareholder not derive benefit from funds of company

Loans Advance given on interest not deemed dividend u/s 2(22)(e) as shareholder not derive benefit from funds of company When…

8 years ago
  • Income Tax

Property Fair market value as on 01-04-1981 based on market rates taken from Sub-Registry records not without basis

Property Fair market value as on 01-04-1981 based on market rates taken from Sub-Registry records not without basis The fair…

8 years ago
  • Income Tax

Allowability of interest as cost of acquisition of capital asset u/s 48(ii) debatable, not open for revision u/s 263

Allowability of interest as cost of acquisition of capital asset u/s 48(ii) is highly debatable, not open for revision u/s…

8 years ago
  • Income Tax

CIT Appeals order passed ex parte without giving another opportunity or mentioning reasons for additions sustained is bad

CIT Appeals order passed ex parte without giving another opportunity or mentioning reasons for additions sustained is bad INCOME TAX…

8 years ago
  • Income Tax

Section 12AA 80G5 charitable trust approval-rejection on defective dissolution clause in deed

Section 12AA 80G5 charitable trust approval-rejection on defective dissolution clause in deed is beyond the scope of enquiry for grant…

8 years ago