The ECB purpose was declared to the RBI for both imported and locally sourced capital goods. However, the claim was disallowed under Section 143(1) due to inconsistencies between the tax audit report and the return of income.
ITAT Kolkata quashes reassessment u/s 147, stating that search-based findings must follow Section 153C. Read the full case details and judgment summary.
ITAT Kolkata quashes assessment reopening in Sudha Surana case, citing lack of AO’s application of mind and invalid PCIT approval.
ITAT Kolkata rules in favor of Anindya Sarkar, allowing Foreign Tax Credit despite delayed Form 67 filing, citing DTAA provisions over domestic tax laws.
ITAT Kolkata deletes Rs 2.97 Cr Sec 69C addition vs Dhar Construction (AY18-19) as section misapplied, but upholds 10% disallowance due to lack of vouchers.
ITAT Kolkata sets aside CIT(A) order on a Scheduled Tribe doctor’s tax exemption under Section 10(26), directing a fresh review of income sources and deposits.
ITAT Kolkata dismisses DCIT’s appeal in Uttar Bihar Gramin Bank case, upholding CIT(A) order on deductions under Sections 36(1)(viia) & 36(1)(viii).
ITAT Kolkata directs AO to allow Foreign Tax Credit for Jaspal Singh Bindra, ruling that delayed Form 67 filing is a procedural issue. Read the case summary.
ITAT Kolkata directs AO to allow Foreign Tax Credit to Debanjan Chatterjee, overturning CPC Bengaluru’s denial due to belated filing. Read the full case summary.
ITAT Kolkata held that issuance of notice under section 143(2) of the Income Tax Act by non-jurisdictional Assessing Officer renders assessment bad-in-law. Thus, assessment order is bad-in-law and hence liable to be quashed.
