Additions towards share capital in question would not ipso facto tantamount to alleged concealment of income: ITAT deletes penalty
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench while deleting the penalty held that the Additions towards share capital in question would...
![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]](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]")
![Finance Ministry notifies Companies (Amendment) Act, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/09/Finance-Ministry-Companies-Act-Taxscan.jpg "Finance Ministry notifies Companies (Amendment) Act, 2020 [Read Notification]")
Lok Sabha passes The Banking Regulation (Amendment) Bill, 2020 gives RBI powers to restructure Co-operative Banks [Read Bill]
The lower house of the Parliament, the Lok Sabha has passed The Banking Regulation (Amendment) Bill, 2020. The Banking Regulation (Amendment) Bill, 2020 was introduced in Lok Sabha on September...
![Lok Sabha passes The Banking Regulation (Amendment) Bill, 2020 gives RBI powers to restructure Co-operative Banks [Read Bill]](https://www.taxscan.in/wp-content/uploads/2020/09/Lok-Sabha-Banking-Regulation-Amendment-Bill-Taxscan.jpg "Lok Sabha passes The Banking Regulation (Amendment) Bill, 2020 gives RBI powers to restructure Co-operative Banks [Read Bill]")