ITAT Kolkata partly allowed the appeal of Subhrashi Enclave Pvt. Ltd, granting relief on salary, bonus, and rent disallowances while upholding staff welfare expense addition.
ITAT Kolkata condones 186-day delay, remands Umang Webtech Private Limited’s case to AO for fresh examination due to ex-parte assessment and inadequate representation.
ITAT Kolkata remands Usha Dhamala’s case to the AO for reassessment of her tax exemption claim under Section 10(26AAA) for Sikkimese individuals.
ITAT Kolkata rules in favor of Goldman Stocks, deleting ₹4.82 Cr addition as unexplained cash credit, citing genuine sales transactions as evidence.
ITAT Kolkata quashes PCIT’s order under Section 263 of the Income Tax Act, citing precedents from the Calcutta High Court and Supreme Court decisions.
ITAT Kolkata allows Smt. Alka Jain’s appeal for statistical purposes, directing AO to reconsider assessment with new evidence, acknowledging pregnancy-related delays in submitting documents.
ITAT Kolkata confirms statements recorded during surveys under Section 133A cannot justify additions without corroborating evidence. Learn more about this landmark decision.
ITAT Kolkata held that the disallowance u/s 14A of the Income Tax Act, read with Rule 8D of the Income Tax Rules should be restricted to the dividend yielding investments. Accordingly, AO directed to re-compute disallowance.
These regulations do not specify any date by which the employee’s contribution/ subscription to the PF is to be deposited in the individual employee’s account under the Calcutta Port Trust Non-Contributory Provident Fund.
ITAT Kolkata held that denial of concessional tax rate benefit under section 115BAC of the Income Tax Act merely for delayed filing of form no. 10IE not justifiable since the substantial justice should not be denied due to technical lapse.
