#section 56
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Addition to share capital only in respect of actual receipt of consideration: HP High Court

No Section 56(2)(viib) Addition Required for Discrepancy of less than 10%

Co-op Society can claim section 80P(2)(d) deduction on Interest Income from Co-op Banks

Fair Market Value: A Key Driving Factor in Equity Share Pricing

Section 154 Rectification Time Limit Begins Upon Assessee’s Receipt of Order

Interest Allowable Despite Lower Rates on Loan Given Than Loan Taken

ITAT Deletes Section 56(2)(x)(b)(B) Additions: Consideration Paid via Banking Channels

AO Can’t reject Assessee’s Valuation Method without Finding Defect

PCIT cannot assume revisional jurisdiction on debatable issue of Tax on Interest u/s 28 of land Acquisition Act

PCIT cannot assume revisional jurisdiction on debatable issue of Tax on Interest under land Acquisition Act

Customs Act 1962: Telangana HC Rules Cargo Handling Regulations 2009 Ultra Vires

Refunded Security Deposit not taxable under section 56(2)(vii)(a)

Jewellery inherited through non-registered will qualifies as capital asset: ITAT Bangalore

Tax Implications of Optionally Convertible Preference Shares
Explore the latest section 56 updates on TaxGuru, including relevant Income-tax Act provisions, rules, notifications, circulars, judicial decisions and compliance guidance. The coverage highlights important tax positions, procedural requirements, assessments, deductions, penalties and litigation developments to help taxpayers and professionals understand the practical implications of changes in income-tax law.
