![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]")
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...
![Cash commission Addition Based on Digital Data without Corroborative Evidence is Unsustainable: ITAT [Read Order]](https://images.taxscan.in/h-upload/2025/11/08/250x150_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]](https://images.taxscan.in/h-upload/2025/11/08/250x150_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]](https://images.taxscan.in/h-upload/2025/11/07/250x150_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]](https://images.taxscan.in/h-upload/2025/11/07/250x150_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]")
![Wrongful Assessment on Non-Existent Entity Invalid: ITAT Drops Section 69A Additions [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/500x300_2103102-wrongful-assessment-taxscan.webp "Wrongful Assessment on Non-Existent Entity Invalid: ITAT Drops Section 69A Additions [Read Order]")
ESOP Cost Rightly Allowed as Business Expenditure: ITAT Sets Aside PCIT Order against Nuvama Wealth after Finding Proper AO Inquiry [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has set aside the revisional order passed by the Principal Commissioner of Income Tax (PCIT) under section 263 of the Income Tax Act,1961,...
![ESOP Cost Rightly Allowed as Business Expenditure: ITAT Sets Aside PCIT Order against Nuvama Wealth after Finding Proper AO Inquiry [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/500x300_2103033-esop-esop-cost-business-expenditure-itat-pcit-order-nuvama-wealth-taxscan.webp "ESOP Cost Rightly Allowed as Business Expenditure: ITAT Sets Aside PCIT Order against Nuvama Wealth after Finding Proper AO Inquiry [Read Order]")
FinMin Notifies 1% and 3% Tolerance Range for Transfer Pricing Adjustments u/s 92C(2) of Income Tax [Read Notification]
The Ministry of Finance (Department of Revenue) has issued Notification No. 157/2025 [S.O. 5053(E)] dated November 6, 2025, announcing new limits for transfer pricing differences under Section ...
![FinMin Notifies 1% and 3% Tolerance Range for Transfer Pricing Adjustments u/s 92C(2) of Income Tax [Read Notification]](https://images.taxscan.in/h-upload/2025/11/07/500x300_2103145-finmin-tolerance-range-transfer-pricing-adjustments-income-tax-taxscan.webp "FinMin Notifies 1% and 3% Tolerance Range for Transfer Pricing Adjustments u/s 92C(2) of Income Tax [Read Notification]")
Capital Market Transactions through Banking Channels Accepted as Genuine: ITAT Deletes Additions on Share Transactions under Income Tax Act
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that capital market transactions executed through registered intermediaries and verifiable banking channels cannot be...
Relief to Malayalam Movie Artists Association AMMA: Kerala HC rules Income Tax Appellate Authority simply Extracted Findings of Assessing Authority [Read Order]
In a significant relief to the Association of Malayalam Movie Artists (AMMA), the Kerala High Court held that the Income Tax Appellate Authority failed to comply with the statutory duty under...
![Relief to Malayalam Movie Artists Association AMMA: Kerala HC rules Income Tax Appellate Authority simply Extracted Findings of Assessing Authority [Read Order]](https://images.taxscan.in/h-upload/2025/11/07/500x300_2103054-kerala-high-court-relief-to-malayalam-movie-artists-association-amma-taxscan.webp "Relief to Malayalam Movie Artists Association AMMA: Kerala HC rules Income Tax Appellate Authority simply Extracted Findings of Assessing Authority [Read Order]")
Supreme Court to Re-examine Income Tax S.12AA Registration Mandate for Section 80G Benefits [Read Judgement]
The Supreme Court of India has agreed to re-examine the question of whether registration under Section 12AA of the Income Tax Act, 1961, automatically qualifies a charitable trust for tax benefits...
![Supreme Court to Re-examine Income Tax S.12AA Registration Mandate for Section 80G Benefits [Read Judgement]](https://images.taxscan.in/h-upload/2025/11/07/500x300_2102980-supreme-court-re-examine-income-tax-taxscan.webp "Supreme Court to Re-examine Income Tax S.12AA Registration Mandate for Section 80G Benefits [Read Judgement]")