Franklin Joshva
![AO Failed to Disprove Expenses Vouched by Cheque on Painting & Marble Work: ITAT Deletes unaccounted expenditure addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/15/500x300_2105372-unaccounted-expenditure-taxscan.webp "AO Failed to Disprove Expenses Vouched by Cheque on Painting & Marble Work: ITAT Deletes unaccounted expenditure addition [Read Order]")
AO Failed to Disprove Expenses Vouched by Cheque on Painting & Marble Work: ITAT Deletes unaccounted expenditure addition [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) deleted the additions made on account of unexplained expenditure related to the...
![AOs Failure to issue SCN and Grant Cross-Examination Opportunity Necessitates Deletion of Unaccounted Interest Income Addition: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/15/250x150_2105366-income-tax-addition-taxscan.webp "AOs Failure to issue SCN and Grant Cross-Examination Opportunity Necessitates Deletion of Unaccounted Interest Income Addition: ITAT [Read Order]")
![Lower Margin on High-Value Items Traded Out of Books: ITAT Reduces 10% to 6% GP Rate on Unaccounted Sales [Read Order]](https://images.taxscan.in/h-upload/2025/11/15/250x150_2105360-gross-profit-rate-taxscan.webp "Lower Margin on High-Value Items Traded Out of Books: ITAT Reduces 10% to 6% GP Rate on Unaccounted Sales [Read Order]")
![GAAAR Upholds Denial of ITC on Share Buyback Expenses for Gujarat Narmada Valley Fertilizers & Chemicals Ltd [Read Order]](https://images.taxscan.in/h-upload/2025/11/10/250x150_2103846-gujarat-narmada-valley-fertilizers-chemicals-ltd-site-image.webp "GAAAR Upholds Denial of ITC on Share Buyback Expenses for Gujarat Narmada Valley Fertilizers & Chemicals Ltd [Read Order]")
![Madras HC Remits GST Demand to STO for Recomputation Interest on Belated Payment and Review ITC Claims [Read Order]](https://images.taxscan.in/h-upload/2025/11/10/250x150_2103873-madras-hc-gst-demand-sto-for-recomputation-interest-input-tax-credit-taxscan.webp "Madras HC Remits GST Demand to STO for Recomputation Interest on Belated Payment and Review ITC Claims [Read Order]")
No Discrepancy Found in Quantitative Stock Quantity for Valuation: ITAT Deletes Addition, Upholds Consistent Valuation Method [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of ₹95,07,903 made on account of alleged excess stock valuation for the Assessment Year (A.Y.) 2021-22 and ruled that...
![No Discrepancy Found in Quantitative Stock Quantity for Valuation: ITAT Deletes Addition, Upholds Consistent Valuation Method [Read Order]](https://images.taxscan.in/h-upload/2025/11/08/500x300_2103270-stock-valuation-taxscan.webp "No Discrepancy Found in Quantitative Stock Quantity for Valuation: ITAT Deletes Addition, Upholds Consistent Valuation Method [Read Order]")
Cash commission Addition Based on Digital Data without Corroborative Evidence is Unsustainable: ITAT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) deleted additions made by the Assessing Officer (AO) on account of alleged unaccounted cash commission expenditure, which was solely based on...
![Cash commission Addition Based on Digital Data without Corroborative Evidence is Unsustainable: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/08/500x300_2103265-cash-commission-taxscan.webp "Cash commission Addition Based on Digital Data without Corroborative Evidence is Unsustainable: ITAT [Read Order]")
Income Cannot be Taxed on Current Year When Sales Relates to Other AYs: ITAT Deletes Addition on Mismatch of Sales [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) deleted an addition of ₹8,87,104 made on account of the alleged mismatch of sales for the Assessment Year (A.Y.) 2021-22 and held that...
![Income Cannot be Taxed on Current Year When Sales Relates to Other AYs: ITAT Deletes Addition on Mismatch of Sales [Read Order]](https://images.taxscan.in/h-upload/2025/11/08/500x300_2103269-incometax-addition-taxscan.webp "Income Cannot be Taxed on Current Year When Sales Relates to Other AYs: ITAT Deletes Addition on Mismatch of Sales [Read Order]")
Deduction u/s 57 for Bank Charges allowable as it Relates to Interest Income: ITAT Allows Claim [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) ruled that bank charges can be allowed as deductions under Section 57 and directed the deletion of a disallowance of ₹34,647 which was ...
![Deduction u/s 57 for Bank Charges allowable as it Relates to Interest Income: ITAT Allows Claim [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/500x300_2103088-deduction-bank-charges-interest-income-itat-bank-charges-allowable-taxscan.webp "Deduction u/s 57 for Bank Charges allowable as it Relates to Interest Income: ITAT Allows Claim [Read Order]")
Taxpayer Acted as Middleman and Not Beneficiary for Forfeited Advance of Property: ITAT Deletes Addition u/s 56(2)(ix) [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has deleted an addition of ₹75,00,000 made under Section 56(2)(ix) of the Income Tax Act, 1961, affirming that the assessee was acting ...
![Taxpayer Acted as Middleman and Not Beneficiary for Forfeited Advance of Property: ITAT Deletes Addition u/s 56(2)(ix) [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/500x300_2103084-itat-property-taxscan.webp "Taxpayer Acted as Middleman and Not Beneficiary for Forfeited Advance of Property: ITAT Deletes Addition u/s 56(2)(ix) [Read Order]")
Madras HC Allows Trust's Petition to Condone 151-Day Delay in Filing Form 10B on Condition of Donation to Blue Cross of India [Read Order]
The Madras High Court allowed the petition to condone a 151-day delay in filing the income tax Form 10B, subject to the condition that the Trust donates ₹25,000 to the Blue Cross of India within 30 ...
![Madras HC Allows Trusts Petition to Condone 151-Day Delay in Filing Form 10B on Condition of Donation to Blue Cross of India [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/500x300_2102965-condones-delay-taxscan.webp "Madras HC Allows Trusts Petition to Condone 151-Day Delay in Filing Form 10B on Condition of Donation to Blue Cross of India [Read Order]")