Courts: ITAT Kolkata
1,704 articlesIncome Tax
Income Tax
ITAT Allows Subsidiary Investment Write-Off as Business Loss as Investment Was Made for Commercial Expediency
Income Tax
Income Tax
Clerical Error in Tax Audit Report Cannot Be Treated as Income: ITAT Deletes Addition
Income Tax
Income Tax
Appeal Dismissed as Section 143(1) Intimation Merged With Subsequent Scrutiny Assessment
Income Tax
Income Tax
ITAT Deletes Addition Because Gratuity Payments Exceeded Interest Income
Income Tax
Income Tax
ITAT Deletes Section 68 Addition as Customer Advances Were Regular Business Receipts
Income Tax
Income Tax
No 271(1)(c) Penalty on Peak Credit Additions: ITAT Deletes Penalty After Quantum Relief on Estimated Basis
Income Tax
Income Tax
Loan Processing Fees on LAP/LRD Loans Not Deductible Under Section 24(b): ITAT Upholds Disallowance
Income Tax
Income Tax
Short-Term Commercial Loan Repaid with Interest Cannot Be Branded as Bogus Entry: ITAT Deletes ₹80 Lakh Section 68 Addition
Income Tax
Income Tax
Loans via Banking Channels not Bogus Merely on ‘Shell Company’ Allegation
Income Tax
Income Tax
Ad-Hoc 10% Expense Disallowance Deleted: ITAT Says AO Cannot Make Additions on Pure Guesswork
Income Tax
Income Tax
ITAT Quashes Section 263 Revision as AO Conducted Detailed Inquiry into Agricultural Income
Income Tax
Income Tax
Undisclosed Turnover Addition Reduced as ITAT Estimates Profit at 2.5% Instead of 8%
Income Tax
Income Tax
Penny Stock Loss Addition deleted in absence of Share Price Manipulation Evidence
Income Tax
Income Tax
