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Determination of Fair Market Value of Unquoted Shares does not Prohibit Inclusion of Share Premium as part of Reserves and Surplus: ITAT deletes Addition
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has deleted the addition holding that the determination of fair market value of unquoted...
![Vehicles form part of Plant and Machinery: ITAT allows Depreciation on Hired Cars [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Vehicles-Plant-and-Machinery-ITAT-Depreciation-Hired-Cars-Taxscan.jpg "Vehicles form part of Plant and Machinery: ITAT allows Depreciation on Hired Cars [Read Order]")
![Lack of Identical Income Tax Rule not ground for Denial of Legitimate TCS Claim: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Rule-TCS-Claim-ITAT-TAXSCAN.jpg "Lack of Identical Income Tax Rule not ground for Denial of Legitimate TCS Claim: ITAT [Read Order]")
![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]")
Addition of income u/s 56(2)(viib) read with Rule 11UA (2) of the Income Tax Rules without verifying Valuation report is not permissible: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that the Addition of income u/s 56(2)(viib) read with Rule 11UA (2) of the Income Tax Rules without verifying Valuation report is...
CIT(A) order accepting Additional Evidence in Violation of Rule 46A of Income Tax Rules not valid: ITAT sets aside Order
CIT(A) order accepting Additional evidence in violation of rule 46A of Income Tax Rules not valid, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT)set aside the order. M/s. Allied...
CBDT amends Income Tax Rules in case of Refund for Denying TDS Liability: Notifies Form No. 29D [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the rules relating to the refund for denying the TDS liability under section 239A of the Income Tax Act, 1961 and have inserted a new Form No....
![CBDT amends Income Tax Rules in case of Refund for Denying TDS Liability: Notifies Form No. 29D [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/08/CBDT-Income-Tax-Rules-Refund-TDS-Liability-Form-No.-29D-taxscan.jpg "CBDT amends Income Tax Rules in case of Refund for Denying TDS Liability: Notifies Form No. 29D [Read Notification]")
![TDS on Perquisites and VDA: CBDT Notifies Revised Returns [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/06/Virtual-Digital-Assets-TDS-VDA-CBDT-Revised-Returns-Taxscan.jpeg "TDS on Perquisites and VDA: CBDT Notifies Revised Returns [Read Notification]")