NFRA and Its Impact on Shareholders: Strengthening Investor Confidence through Accountability
DB Realty Limited Case, December 2024, Penalties of ₹8 lakh by NFRA have been imposed upon two auditors for not properly collecting audit evidence,...
![Genuineness of small-time Investments: ITAT directs AO to delete Additions of Rs.22,02,620/- [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/ITAT-ITAT-Delhi-small-time-Investments-Assessing-Officer-small-time-investors-taxscan.jpg "Genuineness of small-time Investments: ITAT directs AO to delete Additions of Rs.22,02,620/- [Read Order]")
![Deemed Dividends u/s 2(22)(e) of the Act Taxed only in Shareholders Hands: Calcutta High Court upholds ITAT Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Calcutta-High-Court-ITAT-Calcutta-High-Court-upholds-ITAT-Decision-Shareholders-Taxscan.jpg "Deemed Dividends u/s 2(22)(e) of the Act Taxed only in Shareholders Hands: Calcutta High Court upholds ITAT Decision [Read Order]")
![Bonus of Equity Shareholders not Covered under S.2(22)(b) of Income Tax Act, not Taxable as “Other Income” u/s 56(2): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/ITAT-ITAT-Chennai-Income-tax-Equity-Shareholders-Section-222b-Income-Tax-Act-Bonus-Of-Equity-Shareholders-taxscan.jpg "Bonus of Equity Shareholders not Covered under S.2(22)(b) of Income Tax Act, not Taxable as “Other Income” u/s 56(2): ITAT [Read Order]")
Scheme of Arrangement on Demerger of Hotel by ITC: NCLT directs by to Convene Meeting of Shareholders on June 6 [Read Order]
The National Company Law Tribunal ( NCLT ) has directed the ITC company to convene a meeting of shareholders on June 6, 2024 to consider and approve the proposed demerger of its hotel business. ...
Holding-Subsidiary Transaction Excludes S. 56(2) (viib) Taxation in Absence of any Benefit Occurring to any Outsider: ITAT deletes Addition [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has deleted the addition made, as the holding-subsidiary transaction does not attract taxation under Section 56(2)(viib) of the Income Tax...
![Holding-Subsidiary Transaction Excludes S. 56(2) (viib) Taxation in Absence of any Benefit Occurring to any Outsider: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Holding-Subsidiary-Transaction-Taxation-ITAT-deletes-Addition-ITAT-taxscan.jpg "Holding-Subsidiary Transaction Excludes S. 56(2) (viib) Taxation in Absence of any Benefit Occurring to any Outsider: ITAT deletes Addition [Read Order]")
Section 2(22) of Income Tax Act cannot be invoked against Non-Beneficiary Shareholders in company receiving Company Loans: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that Section 2 (22) of Income Tax cannot be invoked against Non-Beneficiary Shareholders in company receiving Company Loans. ...
![Section 2(22) of Income Tax Act cannot be invoked against Non-Beneficiary Shareholders in company receiving Company Loans: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Kolkata-Income-tax-Company-Loans-Shareholders-TAXSCAN.jpg "Section 2(22) of Income Tax Act cannot be invoked against Non-Beneficiary Shareholders in company receiving Company Loans: ITAT [Read Order]")
Share Capital from Directors and Shareholders of Company duly discharged with Evidence: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]
The Delhi bench of Income Tax Appellate Tribunal (ITAT) ruled that share capital received from directors and shareholders of the company was duly discharged with evidence . Therefore the bench ...
![Share Capital from Directors and Shareholders of Company duly discharged with Evidence: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Share-Capital-Directors-Shareholders-Directors-and-Shareholders-of-Company-ITAT-taxscan.jpg "Share Capital from Directors and Shareholders of Company duly discharged with Evidence: ITAT deletes addition u/s 68 of Income Tax Act [Read Order]")
![ITAT dismisses refund of excess DDT paid to non resident company [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-delhi-ITAT-decision-on-excess-DDT-refund-dividend-distribution-tax-Dismissal-of-excess-DDT-refund-non-resident-DDT-payment-taxscan.jpg "ITAT dismisses refund of excess DDT paid to non resident company [Read Order]")
