Issue of bonus shares not taxable. ITAT deleted addition made u/s 56(2)(vii)(c) of the Income Tax Act 1961 In a…
Forfeiture of advance received on agreement to sale of property is capital receipt not income from other sources ABCAUS Neutral…
Addition u/s 56(2)(ii) deleted as Law cannot operate in vaccum de-horse ground realities though deeming section not requires any incriminating…
Exemption to starts up from issue of share price in excess of face value only if issue is approved the…
Date of transfer of immovable property is when sale deed is executed and not when it is recorded by the…
Invoking Section 56(2)(viib) to share premium received in limited scrutiny was not beyond the jurisdiction of the AO as the…
Not referring objections of the assessee to DVO and passing order was clearly denial of principles of natural justice. ITAT…
Angel Tax provisions relaxed for startups. Companies with paid up share capital and share premium after the proposed issue up to…
Gift received from Step Father not taxable us 562vi as income from other sources. The Explanation to section 56(2) would indicate…