Once source of funds is taxed in the hands of share applicant companies, it cannot be added as unexplained income in the hands of assessee company.
Explore the full text and detailed analysis of Shah Tracom Pvt. Ltd. Vs ITO case from ITAT Kolkata. Understand the implications, legal arguments, and outcomes in tax assessment disputes.
Explore ITAT Kolkata’s ruling on no addition for share capital & premium from group companies with common directors/shareholders. Detailed analysis & conclusion
Explore the detailed analysis of the ITO vs. RKB Services Pvt. Ltd. case by ITAT Kolkata. Learn about the implications for share capital additions under Section 68 of the Income Tax Act.
Mere reliance on statements without corroborative evidence and denying cross-examination rights cannot justify additions for share capital and share premium under Section 68
Detailed analysis of Kerala High Court’s judgment on KVAT Act in DLF Home Developers Limited vs State of Kerala. Learn about works contract taxation under KVAT.
ITAT Delhi rules that Section 50C deeming provisions cannot be applied to leasehold rights in the Shivdeep Tyagi vs ITO case.
Read the full judgment of Kerala High Court on Mammed Komban vs. National Faceless Assessment Center. Analysis of assessment order violations under Income Tax Act sec. 147.
Allahabad HC rules hearing opportunity mandatory under Section 75(4) of GST Act for tax liability determinations. Full analysis of Eveready Industries vs. State of U.P. case.
Read the Madras High Court judgment on why personal hearings under GST laws are mandatory, even without request, for adverse orders. Insights and analysis provided.
