SEBI to Enable T+2 Day Trading of Bonus Shares from Oct 1, issues Circular [Read Circular]
On September 16, 2024, SEBI issued a circular announcing the introduction of T+2 day trading for bonus shares, which will take effect from October 1,...
![Conversion of loan amount into equity shares will not exonerate assessee from application of provisions U/S 56(2)(viib): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Conversion-of-loan-amount-equity-shares-exonerate-assessee-from-application-of-provisions-ITAT-taxscan.jpg "Conversion of loan amount into equity shares will not exonerate assessee from application of provisions U/S 56(2)(viib): ITAT [Read Order]")
True and Full Disclosure regarding Valuation of Equity Shares: Bombay HC quashes Re-Assessment Notice [Read Order]
The Bombay High Court quashed re assessment notice as there was true and full disclosure regarding valuation of equity shares. The Petitioner, The Suminter Organic and FairTrade Cottton Ginning...
![True and Full Disclosure regarding Valuation of Equity Shares: Bombay HC quashes Re-Assessment Notice [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Valuation-of-Equity-Shares-Equity-Shares-Shares-Bombay-High-Court-Re-Assessment-Notice-Re-Assessment-Notice-taxscan.jpg "True and Full Disclosure regarding Valuation of Equity Shares: Bombay HC quashes Re-Assessment Notice [Read Order]")
Proper consideration of Raising Funds though FCCB into Convertible Bond of Ordinary Equity Shares: ITAT dismisses Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad dismissed appeal as proper consideration of raising funds though FCCB into convertible bond of ordinary equity shares. The assessee, M/s. ORG...
![Proper consideration of Raising Funds though FCCB into Convertible Bond of Ordinary Equity Shares: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Funds-FCCB-Convertible-Bond-Equity-Shares-ITAT-Appeal-taxscan.jpeg "Proper consideration of Raising Funds though FCCB into Convertible Bond of Ordinary Equity Shares: ITAT dismisses Appeal [Read Order]")
Long Term Capital Gain from Sale of Equity Shares: ITAT denies Claim of Exemption u/s 10(38) [Read Order]
the Income Tax Appellate Tribunal (ITAT), Kolkata Bench denied claim of exemption under Section 10(38) of the Income Tax Act,1961 as there was long term capital gains from the sale of equity shares....
![Long Term Capital Gain from Sale of Equity Shares: ITAT denies Claim of Exemption u/s 10(38) [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Long-Term-Capital-Gain-Sale-Equity-Shares-ITAT-taxscan.jpg "Long Term Capital Gain from Sale of Equity Shares: ITAT denies Claim of Exemption u/s 10(38) [Read Order]")
![Loss from Equity Shares eligible to deduct as a Business Loss: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/equity-shares-deduct-business-loss-ITAT-taxscan.jpeg "Loss from Equity Shares eligible to deduct as a Business Loss: ITAT [Read Order]")
Expenditure on Conversion of Convertible Debentures into Equity Shares is 'Capital' in Nature: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the expenditure incurred on conversion of convertible debentures into equity shares would amount to capital expenditure and...
![Expenditure on Conversion of Convertible Debentures into Equity Shares is Capital in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Expenditure-conversion-of-Convertible-Debentures-equity-shares-Capital-ITAT-Taxscan.jpg "Expenditure on Conversion of Convertible Debentures into Equity Shares is Capital in Nature: ITAT [Read Order]")
SEBI Expert Committee proposes listing of Equity Shares of Companies incorporated in India on Foreign Stock Exchanges and Vice Versa
The Securities Exchange Board of India ( SEBI ) expert committee has proposed listing of Equity Shares of Companies incorporated in India on Foreign Stock Exchanges and Vice Versa. SEBI constituted...
