News

CBI arrests a Railway Engineer and a private person in a Rs 15 lakh bribery case linked to the sanction of a Rs 7 crore bonus for a Rs 179.50 crore railway signaling project.

CBI Arrests Railway Engineer Red-Handed While Accepting Rs 15 Lakh Bribe in Rs 179.50 Crore Project

Judgement

The ITAT dismissed the assessee's appeal, upholding the disallowance of delayed PF and ESI contributions and declining to re-examine the bonus disallowance issue.

ITAT Dismisses Appeal, Upholds PF and ESI Disallowance for Delayed Deposits Under Section 36(1)(va)

Articles

A complete guide on taxability of bonus shares in India covering allotment rules, cost of acquisition, holding period, and capital gains on sale.

Taxability of Bonus Shares in India: Complete Guide on Income Tax and Capital Gains

ITAT held that a genuine Section 43B deduction for employee bonus cannot be denied merely due to a reporting error in Form 3CD when actual payment is substantiated by evidence.

ITAT Allows Section 43B Deduction for Employee Bonus Despite Form 3CD Reporting Error

ITAT Bangalore holds bonus shares need not automatically assume stock-in-trade character for taxation purposes.

ITAT Bangalore Allows Exempt LTCG on Sale of Infosys Bonus Shares

LIC announced a 1:1 bonus share issue, doubling shareholders’ holdings. The company detailed share count, capital changes, and financial sources while maintaining overall investment value through proportional price adjustments.

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CBI Arrests Railway Engineer Red-Handed While Accepting Rs 15 Lakh Bribe in Rs 179.50 Crore Project

ITAT Dismisses Appeal, Upholds PF and ESI Disallowance for Delayed Deposits Under Section 36(1)(va)

Taxability of Bonus Shares in India: Complete Guide on Income Tax and Capital Gains

ITAT Allows Section 43B Deduction for Employee Bonus Despite Form 3CD Reporting Error

ITAT Bangalore Allows Exempt LTCG on Sale of Infosys Bonus Shares

LIC Approves 1:1 Bonus Shares for Investors; Every Investor Should Know Details