Courts: All ITAT
25,440 articlesIncome 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
No section 68 addition based on mere retracted statements without corroborative evidence
Income Tax
Income Tax
Deeming Provisions of Section 50C Not Apply to Leasehold Rights: ITAT Delhi
Income Tax
Income Tax
Excess Stock Assessable as Business Income: Section 69B & 115BBE Not Applicable
Income Tax
Income Tax
Section 263 revisionary power can’t be invoked solely on improper inquiry allegations
Income Tax
Income Tax
Procedural lapses in filing Form 67 do not justify disallowing of FTC: ITAT Delhi
Income Tax
Income Tax
