![No Disallowance u/s 14A when Shares held as Stock-in-Trade: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "No Disallowance u/s 14A when Shares held as Stock-in-Trade: ITAT [Read Order]")
No Disallowance u/s 14A when Shares held as Stock-in-Trade: ITAT [Read Order]
While hearing the case of M/s Safe Enterprises, Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) recently ruled that the Shares are held as...
![Receipt from Sale of Shares held in DMAT A/c through Recognized Stock Exchange which is evident through Contract Note can’t be treated as Unexplained: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Stock-Exchange-Taxscan.jpg "Receipt from Sale of Shares held in DMAT A/c through Recognized Stock Exchange which is evident through Contract Note can’t be treated as Unexplained: ITAT [Read Order]")
![Mere reduction in Shares of Profit of a Partner resulting in increase Profit of Another will not Constitute a Gift: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Mere reduction in Shares of Profit of a Partner resulting in increase Profit of Another will not Constitute a Gift: Kerala HC [Read Judgment]")
No ‘Capital Gain’ when a Dutch Co sells Shares of an Indian Immovable Property Company to Singapore Co: Andhra Pradesh HC [Read Judgment]
In Director of Income Tax v. Vanenburg Facilities BV, Andhra Pradesh High Court has held that gains arising from a Dutch company’s sale of shares of an Indian immovable property company to a Singapore...
![No ‘Capital Gain’ when a Dutch Co sells Shares of an Indian Immovable Property Company to Singapore Co: Andhra Pradesh HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "No ‘Capital Gain’ when a Dutch Co sells Shares of an Indian Immovable Property Company to Singapore Co: Andhra Pradesh HC [Read Judgment]")
Transfer of Shares by Company in consequent to Family Arrangement by its Shareholders would attract Capital Gain Tax: Bombay HC [Read Judgment]
In B.A.Mohota Textiles Traders Pvt. Ltd v. DCIT & Ors, the division bench of the Bombay High Court held that receipt from the transfer of Shares by Company in consequent to family arrangement by...
Receipt from Sale of Shares by a Share Broker is Taxable as ‘Capital Gains’: ITAT Mumbai [Read Order]
In ITO v. Kalpana Khandelwal, the Mumbai ITAT held that the amount received by a Share Broker is taxable as capital gain under the provisions of the Income Tax Act. The decision was based on the well...
![Receipt from Sale of Shares by a Share Broker is Taxable as ‘Capital Gains’: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/Share-Trading.jpg "Receipt from Sale of Shares by a Share Broker is Taxable as ‘Capital Gains’: ITAT Mumbai [Read Order]")
No Disallowance u/s 14A can be made in case of Dividend Income Accrued from Shares kept as Stock in Trade: ITAT Kolkata
In DCIT v. M/s. Kredent Brokerage Services Pvt Ltd, the division bench of the Kolkata ITAT held that disallowance under section 14A of the Income Tax Act cannot be made in case of dividend income...
Trading in Shares/Mutual Funds is not ‘Business’ if Revenue has been treating same as Investment in Past Years: Delhi HC [Read Order]
In Principal CIT v. M.B. Finmart Pvt Ltd, the division bench of the Delhi High Court has held that the income from trading in shares/mutual funds must be treated as ‘Capital Gain’ if the Revenue has...
CBDT releases Draft Rules for Valuation of Unquoted Equity Shares: Invites Comments from Stake Holders
The Central Board of Direct Taxes (CBDT) recently released draft rules for valuation of unquoted equity shares for the purposes of section 56 and section 50CA of the Income-tax Act, 1961. The Finance...