Judgement

The ITAT Kolkata deleted an addition of Rs 96.77 lakh made under Section 69A towards alleged unexplained money. 


ITAT Holds Stamp Vendor’s Cash Deposits Were Fully Recorded

The ITAT Kolkata deleted a Rs 20 lakh addition made under Section 68 towards share application money received from M/s Evergreen Barter Pvt. Ltd.

ITAT Holds Share Capital Addition Unsustainable Where Assessee Furnished ITR

The ITAT Kolkata holds Stamp Value cannot be substituted for actual property consideration without referring matter to DVO.

ITAT Restricts Section 56(2)(x) Addition to Rs 13.23 Lakh After DVO Values Property at Rs 1.74 Crore

The ITAT Kolkata has deleted additions of Rs 1,38,49,077 towards delayed deposit of PF and ESI and Rs 23,29,89,737 towards contingent liability.


ITAT Holds Debatable PF/ESI Issue Cannot Be Adjusted Under Section 143(1)

ITAT Kolkata-Patna remands AY 2013-14 appeal for fresh consideration after finding that the CIT(A) dismissed it ex parte without examining the merits of the Rs 14.87 lakh unexplained income addition.

CIT(A) Cannot Dismiss Appeal Without Examining Merits, ITAT Remands Rs 14.87 Lakh Unexplained Income Dispute

The ITAT Kolkata Holds Share subscribers’ identity, creditworthiness and genuineness established through documentary evidence.


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ITAT Holds Stamp Vendor’s Cash Deposits Were Fully Recorded

ITAT Holds Share Capital Addition Unsustainable Where Assessee Furnished ITR

ITAT Restricts Section 56(2)(x) Addition to Rs 13.23 Lakh After DVO Values Property at Rs 1.74 Crore

ITAT Holds Debatable PF/ESI Issue Cannot Be Adjusted Under Section 143(1)

CIT(A) Cannot Dismiss Appeal Without Examining Merits, ITAT Remands Rs 14.87 Lakh Unexplained Income Dispute

ITAT Holds No Section 14A Disallowance Without Exempt Income