![Share Substitution on Amalgamation Involving Stock-in-Trade May be Taxable u/s 28 Subject to Realisability: Supreme Court [Read Judgement]](https://images.taxscan.in/h-upload/2026/01/10/500x300_2118136-share-substitution-amalgamation-stock-in-trade-realisability-supreme-court-taxscan.webp "Share Substitution on Amalgamation Involving Stock-in-Trade May be Taxable u/s 28 Subject to Realisability: Supreme Court [Read Judgement]")
Share Substitution on Amalgamation Involving Stock-in-Trade May be Taxable u/s 28 Subject to Realisability: Supreme Court [Read Judgement]
The Supreme court has clarified that receipt of shares of the amalgamated company in substitution of stock-in-trade can give rise to taxable ...
![Business Losses, Including Irrecoverable Amounts, Allowable u/s 28 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/ITAT-ITAT-Ahmedabad-Business-Losses-Irrecoverable-Amounts-Section-28-of-the-Income-Tax-Act-Income-Tax-Act-taxscan-1.jpg "Business Losses, Including Irrecoverable Amounts, Allowable u/s 28 of Income Tax Act: ITAT [Read Order]")
![Relief to Hindustan Times: ITAT rules Currency Loss Due to Fire Write-Off Allowable as Trading Loss u/s 28 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/ITAT-ITAT-Delhi-Income-Tax-Trading-Loss-Hindustan-Times-taxscan.jpg "Relief to Hindustan Times: ITAT rules Currency Loss Due to Fire Write-Off Allowable as Trading Loss u/s 28 of Income Tax Act [Read Order]")
ITAT quashes Assessment Framed in name of Artificial Juridical Person Instead of Local Authority [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently quashed assessment framed in the name of an artificial juridical person instead of local authority. The assessee, Ganna Vikas...
![ITAT quashes Assessment Framed in name of Artificial Juridical Person Instead of Local Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-quash-Assessment-Artificial-Juridical-Person-Local-Authority-itat-quashes-assesment-incpme-tax-income-tax-taxscan.jpg "ITAT quashes Assessment Framed in name of Artificial Juridical Person Instead of Local Authority [Read Order]")
Hedging Transactions to Safeguard Loss arising out of Fluctuation in Foreign Currency not Speculative in Nature: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT), held that Hedging transactions to safeguard loss arising out of fluctuation in foreign currency are not speculative in nature. The...
![Hedging Transactions to Safeguard Loss arising out of Fluctuation in Foreign Currency not Speculative in Nature: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Hedging-Transactions-Safeguard-Loss-Fluctuation-in-Foreign-Currency-Foreign-Currency-Speculative-in-Nature-Income-Tax-ITAT-taxscan.jpg "Hedging Transactions to Safeguard Loss arising out of Fluctuation in Foreign Currency not Speculative in Nature: ITAT [Read Order]")
CBDT Notifies Rules for Computing Fair Market Value of Inventories converted to Capital Asset [Read Notification]
The Central Board of Direct Taxes ( CBDT ) has notified the rules relating to the determination of Fair Market Value of inventories converted into capital assets under the Income Tax Act, 2018. The...
![CBDT Notifies Rules for Computing Fair Market Value of Inventories converted to Capital Asset [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/10/Form-26AS-CBDT-Taxscan.jpg "CBDT Notifies Rules for Computing Fair Market Value of Inventories converted to Capital Asset [Read Notification]")
CBDT invites suggestions on Draft Notification pertaining to new Rule 11UAB of IT Rules, 1962 [Read Draft Notification]
The Central Board of Direct Taxes ( CBDT ) has invited suggestions on the draft notification pertaining to new Rule 11UAB of the Income Tax Rules, 1962. The Finance Act, 2018 has inserted clause...
![CBDT invites suggestions on Draft Notification pertaining to new Rule 11UAB of IT Rules, 1962 [Read Draft Notification]](https://www.taxscan.in/wp-content/uploads/2018/05/Business-Income-CBDT-Taxscan.jpg "CBDT invites suggestions on Draft Notification pertaining to new Rule 11UAB of IT Rules, 1962 [Read Draft Notification]")
Embezzlement Loss due to Siphoning of Funds of Company by Employees is ‘Business Loss’: ITAT Mumbai [Read Order]
While dismissing a departmental appeal, a division bench of the Mumbai ITAT ruled that the embezzlement loss due to siphoning of funds of assessee-Company by the employees is a business loss allowable...
![Embezzlement Loss due to Siphoning of Funds of Company by Employees is ‘Business Loss’: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Black-Money-Tax-Scan.jpg "Embezzlement Loss due to Siphoning of Funds of Company by Employees is ‘Business Loss’: ITAT Mumbai [Read Order]")