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![Addition of Unverified Share Capital without Incriminating Material is not sustainable u/s 153: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Unverified-share-capital-material-ITAT-taxscan.jpg "Addition of Unverified Share Capital without Incriminating Material is not sustainable u/s 153: ITAT [Read Order]")
Addition of Unverified Share Capital without Incriminating Material is not sustainable u/s 153: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the addition of unverified share capital without incriminating material is not...
![Section 68 has No Application if Share Capital/Premium/Application money was not Received in the Relevant FY: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Section-68-has-No-Application-Share-Capital-Premium-Application-money-Relevant-FY-ITAT-Taxscan.jpeg "Section 68 has No Application if Share Capital/Premium/Application money was not Received in the Relevant FY: ITAT [Read Order]")
![Assessee discharged it onus to prove all Shareholders were Corporate entities, duly assessed to Tax but Income Tax Dept. failed to Rebut: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Assessee-onus-shareholders-corporate-entities-tax-Income-Tax-Department-ITAT-Rebut-Taxscan.jpeg "Assessee discharged it onus to prove all Shareholders were Corporate entities, duly assessed to Tax but Income Tax Dept. failed to Rebut: ITAT [Read Order]")
![No Addition merely on ground that Investors shown Lower Income in their Tax Returns: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Investors-Lower-Income-Tax-Returns-ITAT-Taxscan.jpg "No Addition merely on ground that Investors shown Lower Income in their Tax Returns: ITAT [Read Order]")
![MCA notifies Period for Notice of issue of Share Capital under section 62 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/MCA-issue-of-share-capital-section-62-Taxscan.jpg "MCA notifies Period for Notice of issue of Share Capital under section 62 [Read Notification]")
ITAT deletes addition, since Loan Transaction was suspected without pointing any defect in Bank Transfer, Bank Statement of Money Lender [Read Order]
The Income Tax Appellate Tribunal (ITAT) deleted the addition confirmed by the Lower Authorities without pointing any defect in the bank transfer and bank statement of the moneylender. The...
![ITAT deletes addition, since Loan Transaction was suspected without pointing any defect in Bank Transfer, Bank Statement of Money Lender [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/bank-transfer-1.jpg "ITAT deletes addition, since Loan Transaction was suspected without pointing any defect in Bank Transfer, Bank Statement of Money Lender [Read Order]")
![Interests from FDRs not to be assessed under Income from Other Sources: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/Interests-FDRs-Income-from-other-sources-ITAT-Delhi-Taxscan.jpg "Interests from FDRs not to be assessed under Income from Other Sources: ITAT [Read Order]")
NCLT allows Josco Jewellers to cut down on authorised share capital from Rs. 120 crore to Rs.1 cr [Read Order]
The National Company Law Tribunal (NCLT), Kochi Bench allowed the Josco Jewellers Private Limited to cut down on authorised share capital from Rs. 120 crore to Rs.1 crore. The Petitioner Company,...
![NCLT allows Josco Jewellers to cut down on authorised share capital from Rs. 120 crore to Rs.1 cr [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/NCLT-Koci-Nebil-Nizar-NCLT-Josco-Jewellers-share-capital-Taxscan.jpg "NCLT allows Josco Jewellers to cut down on authorised share capital from Rs. 120 crore to Rs.1 cr [Read Order]")
MCA amends Form No. SH-7 regarding notice to Registrar of any alteration of Share Capital [Read Notification]
The Ministry of Corporate Affairs (MCA) notified the Companies (Share Capital and Debentures) Second Amendment Rules, 2020 which seeks to amend the Companies (Share Capital and Debentures) Rules,...
![MCA amends Form No. SH-7 regarding notice to Registrar of any alteration of Share Capital [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/12/Share-Capital-Form-No.-SH-7-MCA-Registrar-Taxscan.jpg "MCA amends Form No. SH-7 regarding notice to Registrar of any alteration of Share Capital [Read Notification]")