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![Reduction in Subsidiary’s Share Capital Constitutes ‘Transfer’ u/s 2(47) of Income Tax Act: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/02/Supreme-Court-Share-Capital-Income-Tax-Act-taxscan.jpg "Reduction in Subsidiary’s Share Capital Constitutes ‘Transfer’ u/s 2(47) of Income Tax Act: Supreme Court [Read Judgement]")
Reduction in Subsidiary’s Share Capital Constitutes ‘Transfer’ u/s 2(47) of Income Tax Act: Supreme Court [Read Judgement]
The Supreme Court held that a reduction in the subsidiary’s share capital constitutes a ‘transfer’ under Section 2(47) of the Income Tax Act, 1961. ...
![4000+ Day Delay: ITAT Slams Trust for 9-Year Inaction, Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/ITAT-ITAT-Slams-Trust-ITAT-Slams-Dismisses-Appeal-Appeal-Slams-Trust-ITAT-Pune-taxscan.jpg "4000+ Day Delay: ITAT Slams Trust for 9-Year Inaction, Dismisses Appeal [Read Order]")
![Income Tax Bill 2025: 30% Tax on Transfer of Cryptoassets and NFTs [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Bill-2025-Income-Tax-Bill-Income-Tax-Tax-on-Transfer-Transfer-of-Cryptoassets-Cryptoassets-and-NFTs-Cryptoassets-taxscan.jpg "Income Tax Bill 2025: 30% Tax on Transfer of Cryptoassets and NFTs [Read Bill]")
Income Tax Bill 2025: Officers Granted Overarching Powers to Demand Computer and VDA Access Codes during Search and Seizure [Read Bill]
The Union Finance Minister Nirmala Sitharaman tabled the New Income Tax Bill, 2025 in the Lok Sabha yesterday, 13 February, 2025. A controversial revision of powers vested on tax officers, granting...
![Income Tax Bill 2025: Officers Granted Overarching Powers to Demand Computer and VDA Access Codes during Search and Seizure [Read Bill]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Bill-2025-Overarching-Powers-Demand-Computer-VDA-Access-Codes-Search-and-Seizure-TAXSCAN.jpg "Income Tax Bill 2025: Officers Granted Overarching Powers to Demand Computer and VDA Access Codes during Search and Seizure [Read Bill]")
Relief to Works Contractor Hi-LITE Projects: Kerala HC allows lower 4% tax rate under KVAT Act [Read Order]
In a significant ruling, the Kerala High Court has provided a relief of Rs. 1.2 Crore to M/s Hi-Lite Projects Pvt. Ltd., a works contractor, by allowing them to avail a lower 4% tax rate under the...
