ITAT Kolkata remands a best judgment assessment case against Tanveer Alam, directing fresh adjudication after the assessee presented new cash summaries, audit, and valuation documents.
ITAT Kolkata has remanded the Senate of Serampore College’s tax exemption application to the CIT(E) due to an incorrect section code, allowing college to refile.
Kolkata ITAT rules Section 143(2) notice not conforming to CBDT format is invalid, quashing the assessment and subsequent revision order for Nadia District Central Cooperative Bank.
Kolkata ITAT rules Section 143(2) notice without specifying scrutiny type is invalid, leading to quashed assessment for Durga Automotives.
ITAT Kolkata ruled a Section 263 revision invalid because the underlying Section 143(3) assessment was based on an improperly formatted Section 143(2) notice, violating CBDT instructions.
ITAT Kolkata quashed an assessment, finding the Section 143(2) notice invalid due to non-compliance with CBDT format instructions and issuance by an officer lacking pecuniary jurisdiction.
ITAT Kolkata rules in favor of Philips India, affirming 30% depreciation on moulds owned by the company but used by exclusive vendors for manufacturing.
ITAT Kolkata ruled for Salt Lake Sanskritik Sansad, stating late filing of Form 10BB does not deny income tax exemption for charitable trusts.
Kolkata ITAT ruled the ITO lacked jurisdiction to reassess OSL Developers’ income after its case was transferred to another authority, nullifying the reassessment order.
Kolkata Tribunal rules automated disallowance of Section 80P deduction for co-operatives due to belated filing not applicable for AY 2018-19; amendment effective from AY 2021-22.
