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![Penalty cant Stand Alone where underlying Quantum Addition is set aside by Competent Authority: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Penalty-Quantum-Addition-Competent-Authority-ITAT-Taxscan.jpg "Penalty cant Stand Alone where underlying Quantum Addition is set aside by Competent Authority: ITAT [Read Order]")
Penalty can't Stand Alone where underlying Quantum Addition is set aside by Competent Authority: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal( ITAT ) held that the penalty under section 271(1)(c) of the Income Tax Act would not stand...
![Loss on Derivative Transaction is not Speculative Loss and can be adjusted against Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/05/Business-Loss-Taxscan.jpg "Loss on Derivative Transaction is not Speculative Loss and can be adjusted against Business Income: ITAT [Read Order]")
![Sale of Scrap not includible in Total Turnover or Local Turnover as It is not assessee’s Main Business: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/03/Sale-of-Scrap-Tax-Scan.jpg "Sale of Scrap not includible in Total Turnover or Local Turnover as It is not assessee’s Main Business: ITAT [Read Order]")
![No Penalty when difference in Declared Income and Assessed Income is on the basis of Assumption and Estimation only: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "No Penalty when difference in Declared Income and Assessed Income is on the basis of Assumption and Estimation only: ITAT [Read Order]")
![Assessing Officer can disallow Society’s claim for Exemption, No Power to Withdraw the Registration: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Assessing-Officer-Taxscan-1.jpg "Assessing Officer can disallow Society’s claim for Exemption, No Power to Withdraw the Registration: ITAT [Read Order]")
ITAT Upholds DRP’s Order to Compute the Working Capital Adjustment by using the OECD Methodology [Read Order]
While upholding the order pronounced by the DRP Delhi bench of Income Tax Appellate Tribunal (ITAT) proclaimed in its recent order that OECD methodology can be adopted to compute the working capital...
![ITAT Upholds DRP’s Order to Compute the Working Capital Adjustment by using the OECD Methodology [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/OECD-Methodology-Taxscan.jpg "ITAT Upholds DRP’s Order to Compute the Working Capital Adjustment by using the OECD Methodology [Read Order]")