![Cross Examination should be conducted to Know Genuineness of Transaction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/02/Cross-Examination-ITAT-Taxscan.jpg "Cross Examination should be conducted to Know Genuineness of Transaction: ITAT [Read Order]")
Cross Examination should be conducted to Know Genuineness of Transaction: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that the Assessing Officer should allow the opportunity of cross-examination to the...
![ITAT uphold Addition since Share Transaction was used as a Colourable device to avoid Tax Liability [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Share-Transaction-Taxscan.jpg "ITAT uphold Addition since Share Transaction was used as a Colourable device to avoid Tax Liability [Read Order]")
![Brokerage / Commission paid in Connection with Share Transaction is not subject to TDS: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Brokkerage-Taxscan.jpg "Brokerage / Commission paid in Connection with Share Transaction is not subject to TDS: ITAT [Read Order]")
Receipts from Share Transaction through Portfolio Manager is not ‘Business Income’: ITAT [Read Order]
In Shonaben Jayesh Parikh v. ACIT, the Ahmedabad ITAT held that the income received from purchase/sale of shares through Portfolio Manager cannot be treated as business income where assessee has least...
![Receipts from Share Transaction through Portfolio Manager is not ‘Business Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Share-Trading.jpg "Receipts from Share Transaction through Portfolio Manager is not ‘Business Income’: ITAT [Read Order]")
Late Entry in Demat Pass Book cannot be a Sole Ground for Suspecting the Genuineness of Share Transaction: Allahabad HC
In Amita Bansal v. CIT, the division bench of the Allahabad High Court held that the genuineness of share purchase cannot be suspected merely on ground of Late Entry in the Demat pass book when there...
Income from Share Transaction is 'Capital Gain' though Assesses’ primary business is Share Trading: ITAT Kolkata [Read Order]
Recently, the Income Tax Appellate Tribunal, Kolkata has held that the income from transaction of shares has to be categorized under the head 'capital gain' under the provisions of the Income Tax Act,...
![Income from Share Transaction is Capital Gain though Assesses’ primary business is Share Trading: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Income from Share Transaction is Capital Gain though Assesses’ primary business is Share Trading: ITAT Kolkata [Read Order]")