![Application under section 7(5) of IBC cannot be Rejected due to non furnishing of NeSL when existence of debt and default by CD is established: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/500x300_2089006-nclt-mumbai-nclt-ibc-application-taxscan.webp "Application under section 7(5) of IBC cannot be Rejected due to non furnishing of NeSL when existence of debt and default by CD is established: NCLT [Read Order]")
Application under section 7(5) of IBC cannot be Rejected due to non furnishing of NeSL when existence of debt and default by CD is established: NCLT [Read Order]
In a recent case, the Mumbai bench of the National Company Law Tribunal(NCLT) has held that application under section 7(5) of the Insolvency &...
![Violation of Provisions of S. 10(A) of Companies Act: MCA directs to pay penalty imposed within 90 days [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/250x150_2089009-violation-of-provisions-companies-act-mca-penalty-taxscan.webp "Violation of Provisions of S. 10(A) of Companies Act: MCA directs to pay penalty imposed within 90 days [Read Order]")
![Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/250x150_2086235-genuineness-share-capital-share-capital-received-itat-itat-upholds-cita-decision-cita-deletes-addition-taxscan.webp "Share Capital from Alleged Shell Companies Accepted as Genuine: ITAT quashes Income Tax Revision u/s 263 [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]](https://images.taxscan.in/h-upload/2025/08/04/250x150_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]")
![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]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) recently dismissed the Revenue department’s appeal and also upheld the deletion of an income tax addition of ₹3,07,09,348 under Section...
![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/2025/07/16/500x300_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]
The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) upheld the deletion of addition under Section 68 of IncomeTax Act,1961,on share premium received from non-resident investors by the ...
![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/2025/07/04/500x300_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]")