![Minor Adjustments made to Valuation of Goods not amount to Under-Valuation of Stock: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Adjustments-Goods-Stock-ITAT-taxscan.jpg "Minor Adjustments made to Valuation of Goods not amount to Under-Valuation of Stock: ITAT [Read Order]")
Minor Adjustments made to Valuation of Goods not amount to Under-Valuation of Stock: ITAT [Read Order]
The Income Tax Appellate Tribunal Ahmedabad Bench presided by Ms. Annapurna Gupta, Accountant Member and Mr. Mahavir Prasad, Judicial Member has held...
![Law does not mandate Written Agreement to Prove Commission Expenses: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Law-Written-Agreement-Expenses-ITAT-Disallowance-taxscan.jpeg "Law does not mandate Written Agreement to Prove Commission Expenses: ITAT deletes Disallowance [Read Order]")
![Payment of Incidental Charges to Arbitration: Professional Fee Bill cannot be rejected based on Narration of Payee, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Payment-Incidental-Charges-Professional-Fee-Bill-Payee-ITAT-Arbitration-Taxscan.jpeg "Payment of Incidental Charges to Arbitration: Professional Fee Bill cannot be rejected based on Narration of Payee, rules ITAT [Read Order]")
![Pattadar Pass Book Cum Title Deed attracts 18% GST: Karnataka HC upholds AAR Ruling [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Pattadar-Pass-Book-Title-Deed-GST-Karnataka-HC-AAR-taxscan.jpg "Pattadar Pass Book Cum Title Deed attracts 18% GST: Karnataka HC upholds AAR Ruling [Read Order]")
Royalty Expenditure for Use of Technical Know-How can be treated as Revenue Expenditure: ITAT [Read Order]
The ITAT, Delhi bench has held that the royalty expenditure for the use of know-how can be treated as revenue expenditure for the purpose of the Income Tax Act, 1961. Before the Tribunal, the...
![Royalty Expenditure for Use of Technical Know-How can be treated as Revenue Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Royalty-Expenditure-Technical-Revenue-Expenditure-ITAT-taxscan.jpeg "Royalty Expenditure for Use of Technical Know-How can be treated as Revenue Expenditure: ITAT [Read Order]")
Information from Property Broker Firms and Websites cannot be relied upon to determine adequacy of Rent received for invoking Sec 13(2)(b) of Income Tax Act: Delhi High Court [Read Judgment]
The Delhi High Court has held that in the absence of an independent inquiry, the revenue authorities cannot solely rely on the opinion of property broker firms and websites to determine the adequacy...
![Information from Property Broker Firms and Websites cannot be relied upon to determine adequacy of Rent received for invoking Sec 13(2)(b) of Income Tax Act: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/02/Humdard-Information-Property-Broker-Firms-Websites-adequacy-Rent-section-13-2-b-Income-Tax-Act-Delhi-High-Court-Taxscan.jpg "Information from Property Broker Firms and Websites cannot be relied upon to determine adequacy of Rent received for invoking Sec 13(2)(b) of Income Tax Act: Delhi High Court [Read Judgment]")
ITAT upholds Addition as Assessee has failed to offer any explanation with regard to Nature and Source of Credit in his Bank Account [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) upheld the addition as the assessee has failed to offer any explanation with regard to nature and source of credit in his bank account. ...
![ITAT upholds Addition as Assessee has failed to offer any explanation with regard to Nature and Source of Credit in his Bank Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/ITAT-Explanation-Source-of-Credit-Bank-Account-Assessee-Taxscan.jpeg "ITAT upholds Addition as Assessee has failed to offer any explanation with regard to Nature and Source of Credit in his Bank Account [Read Order]")
Addition can’t be made on Evidence of Third Party without granting Cross-Examination to Assessee: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that the Addition cannot be made on evidence of third party without granting the cross-examination to the assessee. The assessee,...
![Addition can’t be made on Evidence of Third Party without granting Cross-Examination to Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Evidence-Third-Party-Cross-Examination-Assessee-ITAT-Taxscan.jpg "Addition can’t be made on Evidence of Third Party without granting Cross-Examination to Assessee: ITAT [Read Order]")
Peak Credit Theory to be considered before treating the Cash Deposit as Unexplained Cash Credits: ITAT remits matter back to AO [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore Bench while directing the matter to the file of Assessing Officer, observed that additional evidence showing the withdrawals and deposits of cash...
![Peak Credit Theory to be considered before treating the Cash Deposit as Unexplained Cash Credits: ITAT remits matter back to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Peak-Credit-Theory-Cash-Deposit-Unexplained-Cash-Credits-ITAT-AO-Taxscan.jpg "Peak Credit Theory to be considered before treating the Cash Deposit as Unexplained Cash Credits: ITAT remits matter back to AO [Read Order]")