![Additional Income Tax pay by Domestic Company to Resident Shareholder shall be at rate mentioned Section 115-O of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Additional-Income-Tax-pay-Domestic-Company-Resident-Shareholder-shall-at-rate-mentioned-Section-Income-Tax-Act-ITAT-TAXSCAN.jpg "Additional Income Tax pay by Domestic Company to Resident Shareholder shall be at rate mentioned Section 115-O of Income Tax Act: ITAT [Read Order]")
Additional Income Tax pay by Domestic Company to Resident Shareholder shall be at rate mentioned Section 115-O of Income Tax Act: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that additional income tax pay by domestic companies to resident shareholders...
![Shareholders failed to prove Source of their Investments: ITAT grants Opportunity to prove Genuineness and Creditworthiness of Shareholder [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Source-of-Investments-ITAT-Investments-Genuineness-of-Shareholders-Creditworthiness-of-Shareholder-taxscan.jpg "Shareholders failed to prove Source of their Investments: ITAT grants Opportunity to prove Genuineness and Creditworthiness of Shareholder [Read Order]")
![ITAT deletes Addition on Proof of Identity and Creditworthiness of Shareholders and Genuineness of Transactions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Proof-of-Identity-Creditworthiness-of-Shareholders-Genuineness-of-Transactions-Transactions-Taxscan-.jpg "ITAT deletes Addition on Proof of Identity and Creditworthiness of Shareholders and Genuineness of Transactions [Read Order]")
![Unsecured Loans taken through Banking Channels from Directors / Shareholders: ITAT upholds Deletion of Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Unsecured-Loans-Banking-Shareholders-ITAT-taxscan.jpg "Unsecured Loans taken through Banking Channels from Directors / Shareholders: ITAT upholds Deletion of Addition u/s 68 [Read Order]")
Gratuitous Loan by Company to Shareholders in Return to an advantage cannot be treated as Deemed Dividend: ITAT deletes Addition u/s 2(22)(e)
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) presided by Mr. Anil Chaturvedi, Accountant Member, and Ms. Astha Chandra, Judicial Member has held that gratuitous loan by the company to...
![Deemed Dividend u/s 2(22)(e) not applicable on Non-Shareholders: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Deemed-dividend-applicable-Non-Shareholders-ITAT-Taxscan.jpg "Deemed Dividend u/s 2(22)(e) not applicable on Non-Shareholders: ITAT [Read Order]")
![Genuineness of Transaction needs to prove to invoke Tax Exemption under Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Genuineness-transaction-Tax-Exemption-Income-Tax-ITAT-Taxscan.jpeg "Genuineness of Transaction needs to prove to invoke Tax Exemption under Income Tax: ITAT [Read Order]")
Third Party Shareholders Renouncing Rights Shares in Favour of the Assessee is Liable to Tax u/s 56(2): ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) has held that third party shareholders renouncing rights shares in favour of the assessee are liable to tax u/s 56(2). The appellant,...
![Third Party Shareholders Renouncing Rights Shares in Favour of the Assessee is Liable to Tax u/s 56(2): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Third-Party-Shareholders-Rights-Shares-Assesse-Liable-to-Tax-ITAT-Taxscan.jpeg "Third Party Shareholders Renouncing Rights Shares in Favour of the Assessee is Liable to Tax u/s 56(2): ITAT [Read Order]")
Third Party Shareholders Renouncing Rights Shares in Favour of the Assesse is Liable to Tax u/s 56(2): ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal has held that third party shareholders renouncing rights shares in favour of the assesse are liable to tax u/s 56(2). The appellant, Sri Jigar...
![Third Party Shareholders Renouncing Rights Shares in Favour of the Assesse is Liable to Tax u/s 56(2): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Third-Party-Shareholders-Shares-Assesse-Tax-ITAT-taxscan.jpeg "Third Party Shareholders Renouncing Rights Shares in Favour of the Assesse is Liable to Tax u/s 56(2): ITAT [Read Order]")
Appointments / Re-appointments earlier rejected by Shareholders shall be done with Prior Approvals: SEBI [Read Notification]
The Securities and Exchange Board of India (SEBI) has notified that the Appointment or re-appointment of persons earlier rejected by shareholders at general meeting to be done only with prior...
![Appointments / Re-appointments earlier rejected by Shareholders shall be done with Prior Approvals: SEBI [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/01/Appointments-Re-appointments-Shareholders-SEBI-taxscan.jpg "Appointments / Re-appointments earlier rejected by Shareholders shall be done with Prior Approvals: SEBI [Read Notification]")
Requests for effecting Transfer of Securities not to be processed unless Securities held in dematerialized form with Depository: SEBI [Read Notification]
The Securities and Exchange Board of India (SEBI) has notified that the requests for effecting transfer of securities not to be processed unless securities held in dematerialised form with...
![Requests for effecting Transfer of Securities not to be processed unless Securities held in dematerialized form with Depository: SEBI [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/01/Requests-Transfer-of-securities-Securities-Dematerialised-form-Form-Depository-SEBI-Taxscan.jpg "Requests for effecting Transfer of Securities not to be processed unless Securities held in dematerialized form with Depository: SEBI [Read Notification]")