![S. 56(2)(viib) of Income Tax does not Cover Holding-Subsidiary Share Transactions: ITAT quashes Revision Order against Oyo [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Section-562viib-of-Income-Tax-Income-Tax-Cover-Holding-Subsidiary-Share-Transactions-ITAT-ITAT-Quashes-Revision-Order-against-Oyo-taxscan.jpg "S. 56(2)(viib) of Income Tax does not Cover Holding-Subsidiary Share Transactions: ITAT quashes Revision Order against Oyo [Read Order]")
S. 56(2)(viib) of Income Tax does not Cover Holding-Subsidiary Share Transactions: ITAT quashes Revision Order against Oyo [Read Order]
In arecent ruling, the Delhi bench of the Income Tax Appellate Tribunal (ITAT) has quashed the revision order passed under section 263 of the Income...
![Income Tax Exemption cannot be granted since Share Transactions found as Sham and Used as a Device to Make Undisclosed Income Accountable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Exemption-income-Share-Transactions-Undisclosed-Income-Income-tax-ITAT-taxscan.jpg "Income Tax Exemption cannot be granted since Share Transactions found as Sham and Used as a Device to Make Undisclosed Income Accountable: ITAT [Read Order]")
![Investment in Penny Stock can’t be a sole ground for Disallowance If Assessee’s Intention was not to make Gain out of Share Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Investment-in-Penny-Stock-Share-Transactions-ITAT-Taxscan.jpg "Investment in Penny Stock can’t be a sole ground for Disallowance If Assessee’s Intention was not to make Gain out of Share Transactions: ITAT [Read Order]")
![ITAT upholds Addition since Share Transactions are Sham Transaction to evade Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Share-Transaction-Taxscan.jpg "ITAT upholds Addition since Share Transactions are Sham Transaction to evade Tax [Read Order]")
Money Laundering can’t be alleged by Mere Producing of Evidence of Share Transactions: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the allegation of money laundering cannot be proved by merely producing the evidence of purchase and sale of shares....
![Money Laundering can’t be alleged by Mere Producing of Evidence of Share Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Black-Money-Tax-Scan.jpg "Money Laundering can’t be alleged by Mere Producing of Evidence of Share Transactions: ITAT [Read Order]")
Income from Share Transactions is Taxable as ‘Capital Gain’ if the ‘Initial Intention’ of assessee was to make Investment: ITAT [Read Order]
The Kolkata bench of the ITAT, while considering the case of I.T.O, Wd-12(1), Kolkata Vs. M/s Nupur Carpets Pvt. Ltd, held that the income from share transactions is taxable as “capital gain” under...
![Income from Share Transactions is Taxable as ‘Capital Gain’ if the ‘Initial Intention’ of assessee was to make Investment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/01/Investment-Taxscan.jpg "Income from Share Transactions is Taxable as ‘Capital Gain’ if the ‘Initial Intention’ of assessee was to make Investment: ITAT [Read Order]")
Share Transactions can’t be deemed as Unaccounted If it is evident through DMAT Account and Contract Notes: ITAT [Read Order]
The Mumbai bench of ITAT while dismissing the appeal of the revenue held that share transactions cannot be deemed as unaccounted for the purpose of section 68 of the Income Tax Act, 1961, if DMAT...
![Share Transactions can’t be deemed as Unaccounted If it is evident through DMAT Account and Contract Notes: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Share-Trading.jpg "Share Transactions can’t be deemed as Unaccounted If it is evident through DMAT Account and Contract Notes: ITAT [Read Order]")
Loss or Profit earned in derivative/future arbitrage can be Set Off against the Profit/Loss of delivery based Share Transactions: ITAT Mumbai [Read Order]
The Mumbai bench of the ITAT, recently in the case of J.M. Financial Services Ltd v. Joint Commissioner of Income Tax, held that the loss or profit earned in derivative/future arbitrage can be set off...
![Loss or Profit earned in derivative/future arbitrage can be Set Off against the Profit/Loss of delivery based Share Transactions: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Loss or Profit earned in derivative/future arbitrage can be Set Off against the Profit/Loss of delivery based Share Transactions: ITAT Mumbai [Read Order]")