Posted inBlog
ITAT Kolkata Deletes Section 271DA Penalty Over Unsigned Sale Agreement
Learn how ITAT Kolkata deleted a Section 271DA penalty, ruling that an unsigned and unstamped sale agreement cannot prove actual cash receipt.
Posted inBlog
ITAT Kolkata Deletes Rs 1.57 Crore Jewellery and Cash Additions in Tax Appeal
Learn how ITAT Kolkata deleted Rs 1.57 crore ancestral jewellery and cash additions by accepting valid valuation reports and affidavit evidence.
Posted inBlog
ITAT Kolkata Remands Income Tax Appeal Over Unaddressed Reopening Grounds
ITAT Kolkata restores an income tax appeal, directing the CIT(A) to issue a reasoned speaking order after failing to address reassessment jurisdiction.
Posted inBlog
ITAT Kolkata Rules in Favor of Taxpayer on Pass-Through AE Purchases
ITAT Kolkata deletes a significant transfer pricing adjustment after determining the associated enterprise acted strictly as a pass-through entity.
Posted inBlog
Executing JDA Alone Doesn’t Constitute Transfer or Trigger Capital Gains: ITAT Kolkata
In a notable tax ruling, the Kolkata bench of the Income Tax Appellate Tribunal (ITAT) has determined that the mere execution of a Joint Development Agreement (JDA) does not amount…