![Addition for Unexplained Share Capital and Share Premium can’t be made prior to 2013 Amendment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Share-Premium-ITAT-Taxscan.jpg "Addition for Unexplained Share Capital and Share Premium can’t be made prior to 2013 Amendment: ITAT [Read Order]")
Addition for Unexplained Share Capital and Share Premium can’t be made prior to 2013 Amendment: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the addition in respect of share capital and the share premium by treating...
![ITAT confirms Addition since Share Applicant Entities were Paper Entities [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Share-Application-Money-Taxscan.jpg "ITAT confirms Addition since Share Applicant Entities were Paper Entities [Read Order]")
![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]")
![Delhi High Court upholds Addition for receiving Bogus Share Premium from Fake Companies formed by CA [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Delhi-High-Court-Tax-Scan.jpg "Delhi High Court upholds Addition for receiving Bogus Share Premium from Fake Companies formed by CA [Read Judgment]")
![Premium earned on Allotment of Preference Shares by a Loss-Making entity can’t be Taxed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Shares-Taxscan.jpg "Premium earned on Allotment of Preference Shares by a Loss-Making entity can’t be Taxed: ITAT [Read Order]")
![ITAT confirms Addition against George Muthoot [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/George-Muthoot-ITAT-Taxscan.jpg "ITAT confirms Addition against George Muthoot [Read Order]")
ITAT confirms Addition Since Gift received from NRI Relative through Debtor couldn’t be Proved [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has confirmed an addition in respect of unexplained cash credits since the assessee failed to prove the genuineness of the gift received...
![ITAT confirms Addition Since Gift received from NRI Relative through Debtor couldn’t be Proved [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Gift-Tax-Taxscan-1.jpg "ITAT confirms Addition Since Gift received from NRI Relative through Debtor couldn’t be Proved [Read Order]")
Transaction can’t be treated as Bogus merely based on report of Investigation Wing: ITAT [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has held that a transaction cannot be treated as bogus only on the basis of the report of Investigation Wing. In the instant case, the...
![Transaction can’t be treated as Bogus merely based on report of Investigation Wing: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Cash-Transaction-Taxscan.jpg "Transaction can’t be treated as Bogus merely based on report of Investigation Wing: ITAT [Read Order]")
Firm cannot be Assessed for Unexplained Cash Credit in respect of Capital introduced by Partner: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cuttack bench has held that a Firm cannot be assessed for the unexplained cash credit under Section 68 of the Income Tax Act, 1961 in respect of the capital...
![Firm cannot be Assessed for Unexplained Cash Credit in respect of Capital introduced by Partner: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Unexplained-Cash-Credit.jpg "Firm cannot be Assessed for Unexplained Cash Credit in respect of Capital introduced by Partner: ITAT [Read Order]")
Mere Confirmation Letter from Partners not sufficient to prove Genuineness of Cash Credits: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cochin bench has held that mere production of the confirmation letter by the partners of the Firm is not sufficient to prove the genuineness of cash credits...
![Mere Confirmation Letter from Partners not sufficient to prove Genuineness of Cash Credits: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Cash-Credits-Taxscan.jpg "Mere Confirmation Letter from Partners not sufficient to prove Genuineness of Cash Credits: ITAT [Read Order]")
Only Partners, Not a Firm Assessable to Unexplained Cash Credits for Capital Introduced by Partner: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) in ITO v. Bajaj Roadways, held that a Firm cannot be assessable to unexplained cash credits under Section 68 of the Income Tax Act in...
Section 68 Addition can’t be confirmed for Mere Non-Production of Director of Share Holder Company: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) in the case of Moti Adhesives P. Ltd. v. ITO by the order dated June 25, 2018 holding in favor of the assessee ordered that mere non...
![Section 68 Addition can’t be confirmed for Mere Non-Production of Director of Share Holder Company: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Share-Holder-Taxscan.jpg "Section 68 Addition can’t be confirmed for Mere Non-Production of Director of Share Holder Company: ITAT [Read Order]")