![Presence of Incriminating Material on Record: ITAT Upholds Income Tax Proceedings U/s 153A [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Incriminating-Material-Section-153A-Proceedings-Income-Tax-Proceedings-taxnews.jpg "Presence of Incriminating Material on Record: ITAT Upholds Income Tax Proceedings U/s 153A [Read Order]")
Presence of Incriminating Material on Record: ITAT Upholds Income Tax Proceedings U/s 153A [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has upheld the initiation of income tax proceedings u/s 153A of the Income Tax Act,...
![Addition of Unexplained Share Application Money and Expenditure: ITAT Upholds Deletion by CIT(A) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Money-and-Expenditure.jpg "Addition of Unexplained Share Application Money and Expenditure: ITAT Upholds Deletion by CIT(A) [Read Order]")
![Reassessment Invalid without Fresh Notice when No Addition made on Reopened Issue: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Reassessment-TAXSCAN.jpg "Reassessment Invalid without Fresh Notice when No Addition made on Reopened Issue: ITAT [Read Order]")
![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]")
Genuineness of Transaction for increase in Share Capital inconsequential for Business: ITAT upholds Deletion of Addition [Read Order]
The Raipur bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the decision of the Commissioner of Income Tax Appeals [CIT(A)], which deleted the additions made by the assessing officer (AO)...
![Genuineness of Transaction for increase in Share Capital inconsequential for Business: ITAT upholds Deletion of Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Share-Capital-ITAT-Income-tax-taxscan.jpg "Genuineness of Transaction for increase in Share Capital inconsequential for Business: ITAT upholds Deletion of Addition [Read Order]")
'Source of Source' Requirement Restricted to Share Capital, Excludes Unsecured Loans and Applies Prospectively from AY 2023-24: ITAT [Read Order]
The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) clarified that the obligation to explain the "source of source" under Section 68 of the Income Tax Act, 1961, is restricted to credits...
![Source of Source Requirement Restricted to Share Capital, Excludes Unsecured Loans and Applies Prospectively from AY 2023-24: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Source-of-Loan-Requirement-Restricted-Requirement-Restricted-to-Share-Capital-Share-Capital-Excludes-Unsecured-Loans-Applies-Prospectively-ITAT-taxscan.jpg "Source of Source Requirement Restricted to Share Capital, Excludes Unsecured Loans and Applies Prospectively from AY 2023-24: ITAT [Read Order]")
Genuineness of ₹2.06 Crore Share Capital Received: ITAT Upholds CIT(A) Decision, Deletes Addition u/s 68 [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax(Appeals)[CIT(A)] decision, confirming the genuineness of ₹2.06 crore share capital received, and...
![Genuineness of ₹2.06 Crore Share Capital Received: ITAT Upholds CIT(A) Decision, Deletes Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Genuineness-Share-Capital-Share-Capital-Received-ITAT-ITAT-Upholds-CITA-Decision-CITA-Deletes-Addition-taxscan.jpg "Genuineness of ₹2.06 Crore Share Capital Received: ITAT Upholds CIT(A) Decision, Deletes Addition u/s 68 [Read Order]")
![Genuineness of Share Capital: ITAT quashes Rs. 2.62 Crore Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/share-capital-ITAT-Section-68-ITAT-Quashes-taxscan.jpg "Genuineness of Share Capital: ITAT quashes Rs. 2.62 Crore Addition u/s 68 [Read Order]")
Share Capital Reduction Does Not Exempt Company From Fulfilling Other Statutory Obligations: NCLT [Read Order]
In a recent ruling, the Ahmedabad bench of National Company Law Tribunal (NCLT) approved a Section 66 application of Companies Act, 2013 filed by the Mahan Industries, seeking confirmation in the...
![Share Capital Reduction Does Not Exempt Company From Fulfilling Other Statutory Obligations: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Share-Capital-NCLT-Fulfilling-Other-Statutory-Obligations-Share-Capital-Reduction-the-Ahmedabad-bench-of-National-Company-Law-Tribunal-Taxscan.jpg "Share Capital Reduction Does Not Exempt Company From Fulfilling Other Statutory Obligations: NCLT [Read Order]")
Genuineness of Transactions and Investor Creditworthiness Proven: ITAT confirms deletion of Rs. 2.37 Crore Addition [Read Order]
The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner Of Income Tax (Appeals) [CIT(A)]'s decision to delete an addition of Rs. 2,37,77,550 related to share capital,...
![Genuineness of Transactions and Investor Creditworthiness Proven: ITAT confirms deletion of Rs. 2.37 Crore Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Delhi-Genuineness-of-Transactions-Investor-Creditworthiness-Income-Tax-Appellate-Tribunal-taxscan.jpg "Genuineness of Transactions and Investor Creditworthiness Proven: ITAT confirms deletion of Rs. 2.37 Crore Addition [Read Order]")