#section 56(2)(vii)
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99 articlesIncome Tax
Income Tax
Disallowance u/s. 56(2)(viib) unwarranted as creditworthiness cannot be doubted when share allotted to existing shareholder
Income Tax
Income Tax
Section 56(2)(vii)(b) doesn’t apply to agreement executed before 01.04.2014: ITAT Nagpur
Income Tax
Income Tax
Reassessment u/s. 147 without any fresh material not sustainable: ITAT Raipur
Income Tax
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Reassessment u/s. 147 based on change of opinion without any fresh material not sustainable
Income Tax
Income Tax
Non-application of mind to legal issues justifies revisionary action u/s. 263
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Income Tax
Notice issued u/s 148 was invalid due to non-compliance of section 151
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Interest on compensation taxable under income from other sources: ITAT Delhi
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Income Tax
Addition u/s. 56(2)(vii) justified due to difference in stamp duty valuation: ITAT Ahmedabad
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Income Tax
Disallowance u/s. 56(2)(viib) sustained due to wide fluctuation in value of share within same year
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Income Tax
Considering merits of matter while deciding condonation application u/s. 119(2)(b) not justified
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Income Tax
Section 56(2)(vii)(b) Addition without reference to valuation officer’s is legally unsustainable: ITAT Lucknow
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Income Tax
Stamp duty value on date of agreement to be considered when date of agreement and registration is different
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Completion of revisionary proceeding within short span of 12 days unjustified: Matter restored back
Income Tax
Income Tax
