![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]")
Finance Ministry notifies Companies (Amendment) Act, 2020 [Read Notification]
The Finance Ministry has notified the Companies (Amendment) Act, 2020 which seeks to amend the Companies Act, 2013. The notification seeks to...
![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]")
![Transfer of Land to Holding Company exempted from Capital Gain Tax: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/08/assessee-exemption-transfer-land-Taxscan.jpg "Transfer of Land to Holding Company exempted from Capital Gain Tax: Madras HC [Read Judgment]")
CCI approves proposed Acquisition of 9.93% stake by Emerald Sage Investment Limited in Apollo Tyres Limited
The Competition Commission of India (CCI) approves proposed acquisition of 9.93% stake by Emerald Sage Investment Limited in Apollo Tyres Limited. The proposed combination envisages subscription by...
CCI approves Joint Venture between Adani Green Energy and Total S.A. in Power Generation through Solar Energy in India
The Competition Commission of India (CCI) approves the formation of Joint ventures between Adani Green Energy Limited and Total S.A. in the business of power generation through solar energy in India. ...
IT Deduction not available to Payment to ROC for Enhancement of Authorized Share Capital: ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) in DCIT v. M/s. Mercury Projects held that the amount paid to ROC for the enhancement of authorized share capital is not deductible from...
![IT Deduction not available to Payment to ROC for Enhancement of Authorized Share Capital: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Share-Capital-ITAT-Taxscan.jpg "IT Deduction not available to Payment to ROC for Enhancement of Authorized Share Capital: ITAT [Read Order]")
No Income Tax on Eligible Start-Ups on Issuing Share Capital at Excess Premium: Govt [Read Notification]
In a major relief to Start-ups, the Central Board of Direct Taxes (CBDT) has notified that Income Tax not payable on issuing share capital at excess premium by eligible start-ups. Section 56(2)(viib)...
![No Income Tax on Eligible Start-Ups on Issuing Share Capital at Excess Premium: Govt [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/02/Startups-Taxscan.jpg "No Income Tax on Eligible Start-Ups on Issuing Share Capital at Excess Premium: Govt [Read Notification]")
Understatement of Consideration must be established before taking Market Value of Share Capital Asset as Full value of Consideration: Delhi HC [Read Judgment]
In Arjun Malhotra vs. Commissioner of Income Tax, the Delhi High Court held that the market value of the shares quoted in the stock exchange on 5th May, 1998 cannot be taken indirectly invoking an...
![Understatement of Consideration must be established before taking Market Value of Share Capital Asset as Full value of Consideration: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Market-Value-Taxscan.jpg "Understatement of Consideration must be established before taking Market Value of Share Capital Asset as Full value of Consideration: Delhi HC [Read Judgment]")
Interest on Fixed Deposits on Money Received in respect of Share Capital is not Assessable as ‘Other Income’: ITAT [Read Order]
In the Case, Assistant Commissioner of Income Tax vs. M/s Posco India Private Limited, Cuttack bench of Income Tax Appellate Tribunal (ITAT) recently held that interest on fixed deposits on money...
![Interest on Fixed Deposits on Money Received in respect of Share Capital is not Assessable as ‘Other Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Share-Capital-Taxscan.jpg "Interest on Fixed Deposits on Money Received in respect of Share Capital is not Assessable as ‘Other Income’: ITAT [Read Order]")