Judgement

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.

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.


The ITAT deleted an addition of Rs 86.42 lakh made under Section 56(2)(x) of the Income Tax Act concerning four immovable properties.

The ITAT holds Assessment Year 2011-12 beyond permissible Ten-Year block period under Section 153C.

The ITAT Delhi held deduction cannot be denied solely for delayed submission when the form was available before processing of return.
