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![Mechanical 145A Addition Set Aside: ITAT Rules Profit-Neutral MODVAT Adjustment Can’t Trigger Tax [Read Order]](https://images.taxscan.in/h-upload/2025/12/27/500x300_2115310-mechanical-145a-addition-set-aside-itat-rules-profit-neutral-modvat-adjustment-cant-trigger-tax-taxscan.webp "Mechanical 145A Addition Set Aside: ITAT Rules Profit-Neutral MODVAT Adjustment Can’t Trigger Tax [Read Order]")
Mechanical 145A Addition Set Aside: ITAT Rules Profit-Neutral MODVAT Adjustment Can’t Trigger Tax [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that a mechanical adjustment under Section 145A of the Income Tax Act, 1961,...
![Opening Stock Must be Revalued by Same Method as used in Valuation of Closing Stock: ITAT to AO in Gopu Nandilath Case [Read Order]](https://images.taxscan.in/h-upload/2025/12/15/250x150_2112261-opening-stock-revalued-valuation-closing-stock-itat-ao-gopu-nandilath-case-taxscan.webp "Opening Stock Must be Revalued by Same Method as used in Valuation of Closing Stock: ITAT to AO in Gopu Nandilath Case [Read Order]")
![ITAT Validates AO’s Estimation of Gross Profit at 20.97% for Road Contractor Amidst Unverifiable Cash Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Cash-Transactions-.jpg "ITAT Validates AO’s Estimation of Gross Profit at 20.97% for Road Contractor Amidst Unverifiable Cash Transactions [Read Order]")
Failure to Furnish Supporting Evidence against addition under Income Tax Act: Kerala HC upholds addition to Capital Account of Partner [Read Order]
The Kerala High Court upheld the addition to the capital account of the partner's failure to furnish supporting evidence against the addition under the Income Tax Act, 1961. M/S Sunny Silks, the...
![Failure to Furnish Supporting Evidence against addition under Income Tax Act: Kerala HC upholds addition to Capital Account of Partner [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Failure-to-Furnish-Supporting-Evidence-Income-Tax-Act-Kerala-HC-Capital-Account-of-Partner-TAXSCAN.jpg "Failure to Furnish Supporting Evidence against addition under Income Tax Act: Kerala HC upholds addition to Capital Account of Partner [Read Order]")
No Addition can be made in respect of Unutilized Cenvat Credit to Closing Stock: Bombay HC [Read Order]
Upholding the Tribunal order deleting addition in respect of unutilized Cenvat credit to closing stock, a division bench of the Bombay High Court held that irrespective of the method of accounting...
![No Addition can be made in respect of Unutilized Cenvat Credit to Closing Stock: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Share-Trading.jpg "No Addition can be made in respect of Unutilized Cenvat Credit to Closing Stock: Bombay HC [Read Order]")