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Taxscan Team
PMLA: Devas CEO Ramachandran Vishwanathan declared as Fugitive Economic Offender
The Special Court, Bengaluru declared Ramachandran Vishwanathan as a Fugitive Economic Offender for the offences under the Fugitive Economic...
![RFL Scam: Delhi HC grants Bail to Promoters and CA [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/RFL-Scam-RFL-Scam-Delhi-High-Court-grants-Bail-to-Promoters-and-CA-Promoters-Bail-CA-Taxscan.jpg "RFL Scam: Delhi HC grants Bail to Promoters and CA [Read Order]")
![Brought Forward Losses can be Adjusted Against Belatedly filed ITR u/s 139(3): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Brought-Forward-Losses-Adjusted-Against-Belatedly-filed-ITR-ITAT-TAXSCAN.jpg "Brought Forward Losses can be Adjusted Against Belatedly filed ITR u/s 139(3): ITAT [Read Order]")
![CBS Fee is Not Proved as Revenue in Nature: ITAT Upholds Revision Order Against SBI [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/CBS-Fee-ITAT-Revision-Order-SBI-taxscan.jpg "CBS Fee is Not Proved as Revenue in Nature: ITAT Upholds Revision Order Against SBI [Read Order]")
Amount forfeited out of Share Capital is “Capital Receipt”, Not Taxable u/s 56(2)(ix) of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the amount forfeited out of share capital would amount to “capital receipt” and therefore, the provisions of section 56(2)(ix) of...
![Amount forfeited out of Share Capital is “Capital Receipt”, Not Taxable u/s 56(2)(ix) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Amount-forfeited-Share-Capital-Amount-forfeited-out-of-Share-Capital-Capital-Receipt-Taxable-Income-Tax-Act-ITAT-Income-Tax-taxscan.jpg "Amount forfeited out of Share Capital is “Capital Receipt”, Not Taxable u/s 56(2)(ix) of Income Tax Act: ITAT [Read Order]")
