ITAT Kolkata quashes reassessment as escaped income was under ₹50L. Notice u/s 148 held invalid for being issued after 6 years from relevant AY.
Kolkata ITAT ruled that a late-filed audit report is a procedural lapse, not a reason to deny an educational society’s tax exemption under Section 10(23C).
ITAT Kolkata cancels a Section 144 assessment, ruling that the foundational Section 143(2) notice was invalid for failing to comply with mandatory CBDT instructions on scrutiny formats and jurisdictional limits.
ITAT Kolkata upholds Rs.17.10 crore penny stock addition against Narayan Suppliers Pvt Ltd, flags money laundering, and directs case referral to ED and CBI for further probe.
The Income Tax Appellate Tribunal (ITAT) Kolkata dismisses the revenue appeal against Uniglobal Papers Pvt. Ltd affirming that additions to a completed assessment cannot be made without incriminating evidence found during a search. The decision relies on the Supreme Court precedent in CIT v. Abhiser Buildwell (P) Ltd.
The ITAT Kolkata has set aside an ex parte order against Anup Nayak in a TDS non-deduction case, remanding it to the CIT(A) for re-adjudication.
The ITAT Kolkata has condoned a 265-day delay and restored a company’s quantum and penalty appeals, directing the assessee to pay a Rs.25,000 cost for non-cooperation.
ITAT Kolkata ruled that a deduction u/s 80P cannot be denied for a belated return in AY 2019-20, as the power to do so was only added from AY 2021-22.
The ITAT Kolkata has dismissed the Bhaba vs CIT appeal concerning Section 12A registration. The appeal was ruled infructuous after the CIT granted the registration.
Kolkata ITAT remands Asiatic Industries’ appeal against Rs. 8.79 lakh bogus purchase addition for AY 2011-12, directing re-adjudication and supplier production.
