![Vivo PMLA Case: Delhi HC upholds Chinese National’s ED Remand [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Vivo-PMLA-Case-Delhi-HC-Chinese-National-ED-Remand-TAXSCAN.jpg "Vivo PMLA Case: Delhi HC upholds Chinese National’s ED Remand [Read Order]")
Vivo PMLA Case: Delhi HC upholds Chinese National’s ED Remand [Read Order]
The Delhi High Court upheld the Chinese National’s, Guangwen Kuang @ Andrew, remand to Enforcement Directorate in the much celebrated Vivo Prevention...
![Revision u/s 263 without any Tangible Material is not Valid: Gujarat HC sets aside Proceedings against Axis Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Revision-Tangible-Material-Material-Gujarat-High-Court-Proceedings-Axis-Bank-Taxscan.jpg "Revision u/s 263 without any Tangible Material is not Valid: Gujarat HC sets aside Proceedings against Axis Bank [Read Order]")
![CBDT notifies Income Tax Exemption to Bihar Electricity Regulatory Commission [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/07/CBDT-Income-Tax-Exemption-Bihar-Electricity-Regulatory-Commission.jpg "CBDT notifies Income Tax Exemption to Bihar Electricity Regulatory Commission [Read Notification]")
![MCA notifies Companies (Compromises, Arrangements and Amalgamations) Second Amendment Rules, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/12/MCA-Companies-Compromises-Arrangements-and-Amalgamations-Second-Amendment-Rules-Taxscan.jpeg "MCA notifies Companies (Compromises, Arrangements and Amalgamations) Second Amendment Rules, 2020 [Read Notification]")
![Transaction can’t be regarded as colorable merely on the basis that assessee claimed Depreciation on Goodwill in Amalgamation Scheme: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Transaction-Colourable-assessee-depreciation-amalgamation-scheme-ITAT-Taxscan.jpg "Transaction can’t be regarded as colorable merely on the basis that assessee claimed Depreciation on Goodwill in Amalgamation Scheme: ITAT [Read Order]")
Delhi Court grants Bail to Arindam Chaudhuri alleged of utilising CENVAT Credit without having any credit in balance [Read Order]
The Metropolitan Magistrate, Delhi Court granted the bail to the Arindam Chaudhuri alleged of utilizing CENVAT credit without having any credit in balance. The application for grant of regular...
![Delhi Court grants Bail to Arindam Chaudhuri alleged of utilising CENVAT Credit without having any credit in balance [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/10/Delhi-Court-Arindam-Chaudhury-CENVAT-credit-CENVAT-credit-balance-bail-Taxscan.jpg "Delhi Court grants Bail to Arindam Chaudhuri alleged of utilising CENVAT Credit without having any credit in balance [Read Order]")
Income / Losses declared by Investor Companies not a Sole Criterion to examine Creditworthiness of Shareholders: ITAT [Read Order]
The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) in Psychotropics Leasing & Finance(P) Ltd. versus Income-tax Officer has held that the income/losses declared by the investor...
![Income / Losses declared by Investor Companies not a Sole Criterion to examine Creditworthiness of Shareholders: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Share-Capital-Taxscan.jpg "Income / Losses declared by Investor Companies not a Sole Criterion to examine Creditworthiness of Shareholders: ITAT [Read Order]")
Mere Furnishing of Identity of Shareholders is not Sufficient to Discharge Onus u/s 68: Madras HC [Read Judgment]
In B.R Petrochem Pvt Ltd v. ITO, the division bench of the Madras High Court held that mere furnishing of identity of shareholders by the asseessee would not sufficient to discharge their onus under...
![Mere Furnishing of Identity of Shareholders is not Sufficient to Discharge Onus u/s 68: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Shareholders.jpg "Mere Furnishing of Identity of Shareholders is not Sufficient to Discharge Onus u/s 68: Madras HC [Read Judgment]")
Loan from a Company wherein the Partners of the Firm are Shareholders is not ‘Deemed Dividend’, Not Taxable in the hands of Firm: ITAT Delhi [Read Order]
In Business Strategy Group v. ACIT, the ITAT, Delhi held that the loan obtained from a Company wherein the partners of the Assessee-Firm are the shareholders cannot be termed as ‘deemed dividend’ of...
![Loan from a Company wherein the Partners of the Firm are Shareholders is not ‘Deemed Dividend’, Not Taxable in the hands of Firm: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Loan-Taxscan.jpg "Loan from a Company wherein the Partners of the Firm are Shareholders is not ‘Deemed Dividend’, Not Taxable in the hands of Firm: ITAT Delhi [Read Order]")
Deemed Dividend can only be Assessed in the Hands of Registered Shareholders, Company cannot be assessed: Madras HC [Read Judgment]
In a significant ruling, the division bench of the Madras High Court held that the registered shareholders for whose benefit the money was advanced are assessable on deemed dividend. In the common...
![Deemed Dividend can only be Assessed in the Hands of Registered Shareholders, Company cannot be assessed: Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Deemed-Dividends-Taxscan.jpg "Deemed Dividend can only be Assessed in the Hands of Registered Shareholders, Company cannot be assessed: Madras HC [Read Judgment]")
