In Brightstar Vincom Pvt Ltd Vs ITO, Kolkata ITAT emphasizes independent inquiry by AO before adding under section 68 of IT Act.
Delve into the Kolkata ITAT’s ruling regarding Form No. 10AB applications under section 12A(1)(ac)(i) for registration, analyzing its impact on Santiniketan Sishutirtha vs CIT (Exemptions).
Armasol Properties Pvt. Ltd. vs. ITO (ITAT Kolkata) case analysis. ITAT allows expenses under section 24(a) of Income Tax Act. Detailed article on the ruling and its implications.
ITAT Kolkata nullifies an assessment order under the Income Tax Act, ruling that framing an assessment in the name of a non-existing entity is void ab-initio.
Read about Durgapur Steel Peoples’ Cooperative Bank Ltd vs Director of Income Tax case. ITAT Kolkata rules that non-filing of SFT return isn’t grounds for penalty under Section 271FA.
ITAT Kolkata held that foreign Associated Enterprises are least complex entities and accordingly can be treated as tested parties for comparability analysis of international transaction.
Twinings Pvt. Ltd. vs. DCIT: ITAT Kolkata allows gratuity payment as salary expense u/s 37(1) of IT Act, rejecting disallowance u/s 36(1)(v).
ITAT Kolkata decision: No penalty under Section 271(1)(c) for Kalna II CADP Farmers Service Co-Op. Society after deletion of the addition basis for penalty.
ITAT Kolkata revises the net profit rate to 0.50% from 8% applied by the AO for Dulichand Kundanmal in AY 2014-15, emphasizing fair assessment practices.
Dive into the ITAT Kolkata order on West Bengal Welfare Society’s appeals against rejection of registrations under sections 12AA and 80G of the Income Tax Act.
