![ITAT Dismisses Appeal Over Excess Share Premium Tax as Assessee Fails to Appear [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/ITAT-Premium-Tax-Assessee-Fails-taxscan.jpg "ITAT Dismisses Appeal Over Excess Share Premium Tax as Assessee Fails to Appear [Read Order]")
ITAT Dismisses Appeal Over Excess Share Premium Tax as Assessee Fails to Appear [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) dismissed an appeal concerning an addition made under Section 56(2)(viib) of the...
![₹51L Income Tax Addition u/s.56(2) by Arbitrary Rejection of Share Value Report to Tax Entire Share Premium and Capital: ITAT Orders Deletion [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Income-Tax-Addition-Share-Value-Report-Share-Premium-Capital-ITAT-Orders-taxscan.jpg "₹51L Income Tax Addition u/s.56(2) by Arbitrary Rejection of Share Value Report to Tax Entire Share Premium and Capital: ITAT Orders Deletion [Read Order]")
![Holding-Subsidiary Transaction Excludes S. 56(2) (viib) Taxation in Absence of any Benefit Occurring to any Outsider: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Holding-Subsidiary-Transaction-Taxation-ITAT-deletes-Addition-ITAT-taxscan.jpg "Holding-Subsidiary Transaction Excludes S. 56(2) (viib) Taxation in Absence of any Benefit Occurring to any Outsider: ITAT deletes Addition [Read Order]")
ITAT upholds addition made u/s 56(2)(viib) of Income Tax Act on account of excess consideration received on Allotment of Shares [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai bench upheld the addition made by the CIT(A) under section 56(2)(viib) of the Income Tax Act, 1961, on account of excess consideration received on...
![ITAT upholds addition made u/s 56(2)(viib) of Income Tax Act on account of excess consideration received on Allotment of Shares [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-upholds-addition-Income-Tax-Act-Allotment-of-Shares-taxscan.jpg "ITAT upholds addition made u/s 56(2)(viib) of Income Tax Act on account of excess consideration received on Allotment of Shares [Read Order]")
ITAT upholds Addition u/s 56(2) (viib) of Income Tax Act as Share Premium Received by was in Excess of Fair Market Value of Share [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has upheld the addition under Section 56(2) (viib) of the Income Tax Act as the share premium received by the company was in excess of the...
![ITAT upholds Addition u/s 56(2) (viib) of Income Tax Act as Share Premium Received by was in Excess of Fair Market Value of Share [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/ITAT-upholds-Addition-income-Tax-Act-as-Share-Premium-Received-by-was-in-Excess-of-Fair-Market-Value-of-Share-TAXSCAN.jpg "ITAT upholds Addition u/s 56(2) (viib) of Income Tax Act as Share Premium Received by was in Excess of Fair Market Value of Share [Read Order]")
Conversion of loan amount into equity shares will not exonerate assessee from application of provisions U/S 56(2)(viib): ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that Conversion of loan amount into equity shares will not exonerate assessee from application of provisions under section 56(2)(viib)b...
![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]")
Mere Rejection of Valuation Report without Referring matter for Valuation to DVO: ITAT Directs Re-adjudication for DVO Report [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has directed re-adjudication for the Departmental Valuation Officer (DVO) report as the AO had merely rejected the valuation report without...
![Mere Rejection of Valuation Report without Referring matter for Valuation to DVO: ITAT Directs Re-adjudication for DVO Report [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Mere-Rejection-Valuation-Report-Referring-Valuation-DVO-ITAT-Re-adjudication-DVO-Report-TAXSCAN.jpg "Mere Rejection of Valuation Report without Referring matter for Valuation to DVO: ITAT Directs Re-adjudication for DVO Report [Read Order]")
Karnataka State Chartered Accountants Association Represents Challenges faced in Obtaining Registration under KPTCE Act
The Karnataka State Chartered Accountants Association (KSCAA) has represented the challenges faced in obtaining the registration under Karnataka Tax on Profession, Trades Callings and Employment Act,...
Shares Issued for Premium above FMV Taxable for Closely-held Company under Income from Other Sources u/s 56(2)(viib) of Income Tax Act, exempt for Investor: ITAT
The Income Tax Appellate Tribunal (ITAT), Patna Bench has held that the differential amount received by way of the issue of shares for a Premium above the Fair Market Value (FMV) shall be taxable for...
