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![Mere Furnishing of Identity of Shareholders is not Sufficient to Discharge Onus u/s 68: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Shareholders.jpg "Mere Furnishing of Identity of Shareholders is not Sufficient to Discharge Onus u/s 68: Madras HC [Read Judgment]")
Mere Furnishing of Identity of Shareholders is not Sufficient to Discharge Onus u/s 68: Madras HC [Read Judgment]
In B.R Petrochem Pvt Ltd v. ITO, the division bench of the Madras High Court held that mere furnishing of identity of shareholders by the asseessee...
![AO has No Power to Examine the Source of Source in Non-Share Capital Cases u/s 68 of Income Tax Act: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Assessing-officer-Tax-Scan.jpg "AO has No Power to Examine the Source of Source in Non-Share Capital Cases u/s 68 of Income Tax Act: ITAT Delhi [Read Order]")
![Bogus Share Capital cannot be assessed as Company’s Share Capital as Amendment to Sec 68 has no Retrospective Effect: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Bogus Share Capital cannot be assessed as Company’s Share Capital as Amendment to Sec 68 has no Retrospective Effect: Bombay HC [Read Judgment]")
![ITAT Dismisses Scan Ispats Appeal as Withdrawn Under Vivad Se Vishwas Scheme [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-ITAT-Dismisses-Scan-Ispats-Appea-Scan-Ispats-Appeal-taxscan.jpg "ITAT Dismisses Scan Ispats Appeal as Withdrawn Under Vivad Se Vishwas Scheme [Read Order]")
Genuineness of Business Transaction Affirmed: ITAT Deletes Rs. 4.90 Lakh Addition for Director's Loan [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has set aside an addition of Rs. 4.90 lakh made under Section 68 of the Income Tax Act, 1961, and affirmed the genuineness of a business...
![Genuineness of Business Transaction Affirmed: ITAT Deletes Rs. 4.90 Lakh Addition for Directors Loan [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/ITAT-Delhi-ITAT-Unexplained-Cash-Unexplained-Cash-Credits-Taxscan-1.jpg "Genuineness of Business Transaction Affirmed: ITAT Deletes Rs. 4.90 Lakh Addition for Directors Loan [Read Order]")
PCIT Revises order of AO on Goodwill Depreciation and Loan Transaction: ITAT Overturns Order citing Verified Transaction [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal ( ITAT ) has set aside the revisionary order passed by the Principal Commissioner of Income Tax ( PCIT ), affirming the genuineness of...
![PCIT Revises order of AO on Goodwill Depreciation and Loan Transaction: ITAT Overturns Order citing Verified Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/06/Loan-Transaction.jpg "PCIT Revises order of AO on Goodwill Depreciation and Loan Transaction: ITAT Overturns Order citing Verified Transaction [Read Order]")