Courts: ITAT Kolkata
Find latest ITAT Kolkata judgments, orders and case laws on income tax covering assessments, deductions, transfer pricing, capital gains, TDS, reassessment and penalties.
Losses adjusted in the books under corporate reorganization are available for set off in computing book profit under MAT provisions
Ad hoc disallowance of foreign tour expenditure not sustainable without questioning the business purpose of the trip
Penalty imposable on Income declared in revised return filed after detection of concealment
FBT is payable even in the absence of any taxable income
S. 263 CIT not permitted to substitute his views with AOs view about computation of income
For allowability of Employees’ contribution to ESI and PF due date of ROI is relevant
Royalty agreement renewed is in substance a new agreement & therefore entitled to lower rate of withholding tax
The assessee is not entitled to adjustment of 5 per cent as stipulated u/s 92C(2), where only one of the several methods specified u/s 92C(1) is applied by the assessee to determine the ALP
Transfer Pricing – Circumstance when Assessee not entitled to adjustment of 5 per cent as stipulated u/s 92C(2)
Sale price of shares cannot be apportioned towards transfer of controlling interest, where there is no express written understanding
Employee’s contribution to EPF is covered by section 36(1)(va) r.w. s. 2(24)(x)
Sec. 269SS Contribution towards share application money received in cash is not loan or deposit
Penalty – additions accepted does not necessarily attract penalty
SB rules income from derivative trading in shares prior to financial year 2005-06 is speculation income
ITAT Kolkata judgments and orders form an important source of appellate case law on income-tax matters. This page collects Tribunal decisions concerning assessments, additions, deductions, exemptions, business income, capital gains, transfer pricing, international taxation, TDS, reassessment, unexplained income, penalties and procedural disputes. Companies, taxpayers, Chartered Accountants, advocates and tax professionals can use this category to research ITAT Kolkata precedents relevant to their cases. TaxGuru maintains an extensive collection of recent and important earlier ITAT Kolkata decisions, making the page useful for following developments in direct tax jurisprudence and appellate practice.
