-
ITAT - Kolkata Tribunal Rejects Revision u/s 263, Validates AO's Decisions.
IMC LIMITED VERSUS PRINCIPAL COMMISSIONER OF INCOME TAX-4, KOLKATA
(2023) TaxCorp(LJ) 32513 (ITAT-KOLKATA) · https://taxcorp.in/FileOpenDT.aspx?ID=107600&Category=ITAT&CategoryType=Zip
-
ITAT - Kolkata Tribunal Verdict on Reopening of Assessment and Liabilities Written Back.
GERMINDA PVT. LTD. VERSUS INCOME TAX OFFICER, WARD-7 (1) , KOLKATA
(2023) TaxCorp(LJ) 32468 (ITAT-KOLKATA) · https://taxcorp.in/FileOpenDT.aspx?ID=107488&Category=ITAT&CategoryType=Zip
-
ITAT - Kolkata ITAT Nullifies Manual Assessment Order Without DIN; Says Late DIN Intimation Breaches CBDT Directive.
Linde India Ltd Vs Deputy Commissioner of Income Tax
(2023) TaxCorp(LJ) 32360 (ITAT-KOLKATA)
-
ITAT - Assessee's marketing and sales expenditures related to the project were not allowable due to Ind AS 115 & matching concept
Bengal Peerless Housing Development Company Limited Vs DCIT
(2023) TaxCorp(LJ) 31990 (ITAT-KOLKATA)
-
ITAT - Kolkata ITAT Affirms Protocol to DTAA and Rejects CBDT Circular's Influence. Decision underscores the significance of understanding the protocol within a tax treaty and clarifies that lower tax rates, once adopted, should be considered all-inclusive.
TDK India Private Limited Vs Deputy Commissioner of Income Tax
(2023) TaxCorp(LJ) 31970 (ITAT-KOLKATA)
-
The interest on enhanced compensation received through an arbitration award is to be treated as part of the said compensation and the same is taxable under the head of long term capital gain and not under income from other sources.
The Baranagar Jute Factory PLC Vs Principal CIT-1
(2023) TaxCorp(LJ) 31821 (ITAT-KOLKATA)
-
Section 253(5) provides that ITAT may admit an appeal after the expiry of relevant period if it is satisfied that there was sufficient cause for not presenting it within that period and the term ‘sufficient cause’ has to be construed liberally.
Monitor Vincom Pvt. Ltd Vs ITO
(2023) TaxCorp(LJ) 31770 (ITAT-KOLKATA)
-
Power exercised under Section 251 is without jurisdiction, thus the additions made by exercising such power are to be deleted.
Apeejay Shipping Ltd Vs Assistant Commissioner of Income Tax
(2023) TaxCorp(LJ) 31743 (ITAT-KOLKATA)
-
If the Assessee has chosen to reap the fruits of the interpretation given by the High Court, the Assessee is also liable to face consequences, if interpretation given by the High Court is reversed or modified by Supreme Court.
Siddhi Vinayaka Graphics Private Limited Vs ADIT
(2023) TaxCorp(LJ) 31585 (ITAT-KOLKATA) · Section 143(1)
-
KSPL being a nodal agency, recognized by the Government of Andhra Pradesh for all legal and operational purposes, assessee’s agreement with it cannot be said to be violative of the condition prescribed in Section 80IA(4)(i)(b).
Bothra Shipping Services Pvt. Ltd Vs DCIT
(2023) TaxCorp(LJ) 31495 (ITAT-KOLKATA) · Section 80-IA
-
Powers under section 254(2) of the Act are limited only to rectify/correct any mistake apparent from the records. We do not find any mistake apparent from record in the order passed by the Bench.
Tata Medical Centre Trust Vs Commissioner of Income Tax
(2023) TaxCorp(LJ) 31365 (ITAT-KOLKATA) · Section 254(2)
-
Conditions stipulated in Section 2(11) of the Black Money Act were not fulfilled to hold the alleged investment as undisclosed foreign asset located outside India, thus Revenue was unjustified to make the impugned addition.
Srinjoy Bose Vs A.D.I.T. (Inv.)-3(4)
(2023) TaxCorp(LJ) 31140 (ITAT-KOLKATA)
-
The adjustment of Rs.1.62 Cr made to the book profit under Section 115JB is arbitrary as the Assessee has adequately explained the same.
Bengal Peerless Housing Development Company Limited Vs Deputy Commissioner of Income Tax
(2023) TaxCorp(LJ) 31129 (ITAT-KOLKATA)
-
Interest on delayed TDS remittance under Section 201(1A) is not an expenditure wholly and exclusively incurred for business purpose, ineligible for deduction under Section 37(1).
Premier Irrigation Adritec (P.) Ltd. Vs ACIT
(2023) TaxCorp(LJ) 30961 (ITAT-KOLKATA) · Section 37(1)
-
The assessment order is erroneous and prejudicial to the interest of revenue since no verification could be done about the source of receipt of advance.
Karabi Dealers Pvt. Ltd Vs Pr. Commissioner of Income-tax-2
(2022) TaxCorp(LJ) 30391 (ITAT-KOLKATA)
-
Service tax collected by service providers is not the income of the service provider since service provider acts as a collecting agency for the Government for collection of service tax.
Cathay Pacific airways Limited Vs Assistant Commissioner of Income Tax (IT)
(2022) TaxCorp(LJ) 30030 (ITAT-KOLKATA) · Section 44BBA
-
A Protocol to DTAA is its integral part and carries the same binding force as the MFN clause therein.
Koninklijke Philips N.V Vs Deputy Commissioner of Income Tax
(2022) TaxCorp(LJ) 30011 (ITAT-KOLKATA)
-
The revision order passed under Section 263 is invalid and deemed to have never been issued as it fails to mention DIN in its body or any reason for non-issuance of DIN.
Tata Medical Centre Trust Vs Commissioner of Income tax
(2022) TaxCorp(LJ) 29759 (ITAT-KOLKATA)
-
Provisions of section 56(2)(viib) apply to conversion of completely convertible debentures into equity shares.
Milk Mantra Dairy Pvt. Ltd Vs DCIT
(2022) TaxCorp(LJ) 29630 (ITAT-KOLKATA) · Section 56(2)(viib)
-
Non-seeking of permission for conversion of limited scrutiny to complete scrutiny in terms of para 4 of the CBDT instruction No. 7/2014, does not per se render the assessment order, erroneous.
Binod Kumar Mahato Vs Pr. Commissioner of Income Tax
(2022) TaxCorp(LJ) 29470 (ITAT-KOLKATA) · Section 263
Headnote lines are open to everyone. The full headnote and the judgment text open with a subscription — see plans or sign in.