ITAT Kolkata deletes Rs. 40 Lakh addition against City Shoppe Estates, affirming identity, creditworthiness of share subscribers, and transaction genuineness.
Explore the ITAT Kolkata ruling on Sunil Khaitan Vs DCIT, delving into the adequacy of fund sources under Section 68 of the Income Tax Act.
Dive into the detailed analysis of Syama Prasad Mookerjee Port’s case against DCIT at ITAT Kolkata regarding Section 41(1) of the Income Tax Act. Understand why cessation of trading liability cannot be invoked without liability in books.
Assessing Officer has nowhere determined as to how Section 194C is applicable on payments made by assessee. Unless a charge is being determined, disallowance under section 40(a)(ia) cannot be made.
Learn about the ITAT Kolkata ruling in Manohar Dealcom vs ITO, addressing jurisdiction issues and the applicability of Section 69 of the Income Tax Act.
ITAT Kolkata rules in favor of Sati Promoters Pvt. Ltd., deleting Rs. 1.98 Cr Section 68 addition due to AO’s reliance on non-production of subscribing company directors.
ITAT Kolkata rules in favor of Institute of Indian Foundrymen, directing AO to allow tax exemption under Section 11 of the Income Tax Act for meager profits from public utility services.
ITAT Kolkata deletes Rs. 57.5 crore addition in ITO vs. Umang Trading Pvt. Ltd., affirming equity investments and explaining source of funds.
Rajendra Kumar Mishra vs. ACIT case: ITAT Kolkata directs re-evaluation as AO misinterpreted PCIT’s orders on loan payments.
Detailed analysis of ITAT Kolkata’s ruling in La Opala RG Ltd. vs DCIT, covering disallowance of forward contract loss and foreign exchange loss, with expert commentary.
