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.
Dumping of cart loads of documents does not shift burden of proof to revenue
ITAT Kolkata deletes Addition for Share Capital of Rs. 1.54 Crore
Share application amount cannot be added twice in payees & recipients’ hands u/s 68
Section 68 addition based on conjectures & surmises not justified: ITAT Kolkata
Disallowance post Form 10CCB filing is debatable & not permissible u/s 143(1)
Assessee Proves Shareholder Identity and Creditworthiness, Section 68 Application Unjustified
No section 68 addition if sister concern/group companies proves creditworthiness
Share Capital/Premium amount cannot be added twice in payees & recipients’ hands u/s 68
Common Directors/Shareholders, Identity, Creditworthiness Proved: ITAT deletes Section 68 Addition
No Addition for Share Capital & Premium from Group Companies with Common Directors/Shareholders
Mere suspicion on the part of AO is insufficient to justify Section 68 additions
Addition cannot be made of share capital received from group companies
No section 68 addition based on mere retracted statements without corroborative evidence
Creditworthiness of Share Subscribers Proven: ITAT Deletes Addition
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.
