Courts: All ITAT
25,431 articlesIncome Tax
Income Tax
LTCG on Shares: Assumptions without substantial evidence of error shouldn’t trigger action u/s 263
Income Tax
Income Tax
Assessment not erroneous if AO adopts plausible view despite PCIT’s different opinion
Income Tax
Income Tax
On same observation & issue PCIT cannot direct to make enquiry what he deem fit
Income Tax
Income Tax
In Absence of Separate Source, Surrendered Amount Taxable as Business Income
Income Tax
Income Tax
Income voluntarily surrendered during survey related to business is taxable as business Income
Income Tax
Income Tax
Assessee Proves Shareholder Identity and Creditworthiness, Section 68 Application Unjustified
Income Tax
Income Tax
Section 69B & 115BBE inapplicable to Investments with source Disclosed in Books & Tax Returns
Income Tax
Income Tax
No section 68 addition if sister concern/group companies proves creditworthiness
Income Tax
Income Tax
Share Capital/Premium amount cannot be added twice in payees & recipients’ hands u/s 68
Income Tax
Income Tax
Common Directors/Shareholders, Identity, Creditworthiness Proved: ITAT deletes Section 68 Addition
Income Tax
Income Tax
No Addition for Share Capital & Premium from Group Companies with Common Directors/Shareholders
Income Tax
Income Tax
Mere suspicion on the part of AO is insufficient to justify Section 68 additions
Income Tax
Income Tax
Addition cannot be made of share capital received from group companies
Income Tax
Income Tax
