![Incorporation of Investing Companies under Companies Act not sufficient to prove genuineness of Share Transactions: Calcutta HC sets aside ITAT’s Finding [Read Order]](https://images.taxscan.in/h-upload/2025/08/04/500x300_2072862-calcutta-high-court-incorporation-of-investing-companies-investing-companies-taxscan.webp "Incorporation of Investing Companies under Companies Act not sufficient to prove genuineness of Share Transactions: Calcutta HC sets aside ITAT’s Finding [Read Order]")
Incorporation of Investing Companies under Companies Act not sufficient to prove genuineness of Share Transactions: Calcutta HC sets aside ITAT’s Finding [Read Order]
In a recent case, the Calcutta High Court held that incorporation of Investing Companies Under Companies Act is not sufficient to prove genuineness...
![No Question of Law: Calcutta HC Dismisses Revenue’s Appeal Against ITAT Order Deleting Share Capital Addition u/s 68 [Read Order]](https://images.taxscan.in/h-upload/2025/07/21/250x150_2067090-question-of-law-calcutta-hc-calcutta-hc-dismisses-revenues-appeal-revenues-appeal-taxscan.webp "No Question of Law: Calcutta HC Dismisses Revenue’s Appeal Against ITAT Order Deleting Share Capital Addition u/s 68 [Read Order]")
![Assessee Produced Documentary Evidence to Prove Genuineness of Share Capital: ITAT Confirms CIT(A)’s Deletion of ₹3.07 Cr Income Tax Addition [Read Order]](https://images.taxscan.in/h-upload/2025/07/16/250x150_2064325-assessee-produced-documentary-evidence-documentary-evidence-taxscan.webp "Assessee Produced Documentary Evidence to Prove Genuineness of Share Capital: ITAT Confirms CIT(A)’s Deletion of ₹3.07 Cr Income Tax Addition [Read Order]")
![Share Capital and Premium from NRI: ITAT Upholds Deletion of Addition u/s 68 as it Received through Proper Channels [Read Order]](https://images.taxscan.in/h-upload/2025/07/04/250x150_2059118-share-capital-premium-nri-taxscan.webp "Share Capital and Premium from NRI: ITAT Upholds Deletion of Addition u/s 68 as it Received through Proper Channels [Read Order]")
![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]")
Addition of Unexplained Share Application Money and Expenditure: ITAT Upholds Deletion by CIT(A) [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) upheld the Commissioner of Income Tax(Appeals)[CIT(A)]'s decision to delete the additions made by the Assessing Officer(AO)regarding ₹10.5...
![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]
The Pune Bench of Income Tax Appellate Tribunal ( ITAT ) ruled that reassessment is invalid if no addition is made on the issue for which the case was reopened and no fresh notice under Section 148...
![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]
The Supreme Court held that a reduction in the subsidiary’s share capital constitutes a ‘transfer’ under Section 2(47) of the Income Tax Act, 1961. In this case, the Revenue has appealed against...
![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]")