Judgement

The ITAT Delhi holds unsecured loans and share capital received from existing directors cannot be treated as Unexplained Cash Credits.

 ITAT Deletes Section 68 Addition on Loans and Share Capital from Directors

ITAT deletes the Rs 1.44 crore addition under Section 69, observing that the disputed unlisted share investments were duly recorded in the books of account.

ITAT Deletes Rs 1.44 Crore Unexplained Investment Addition Under Section 69, Says Investments Were Recorded in Books

The ITAT Mumbai held that liability accrued under Mercantile System cannot be disallowed merely because it remained unpaid.

ITAT Holds Accrued Share of Profit Expense Allowable Despite Non-Payment

News

Share India Securities faces a Rs 1 lakh penalty from NSE Clearing for violating MWPL rules, with no material impact on its operations or finances.

Share India Securities Discloses NSE Clearing Penalty for Violation of Market Wide Position Limit Rules

The ITAT Kolkata deleted a Rs 20 lakh addition made under Section 68 towards share application money received from M/s Evergreen Barter Pvt. Ltd.

ITAT Holds Share Capital Addition Unsustainable Where Assessee Furnished ITR

The ITAT Bangalore held that success fee of Rs 1.47 crore was wholly and exclusively incurred in connection with assessee’s sale of shares. 


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ITAT Deletes Section 68 Addition on Loans and Share Capital from Directors

ITAT Deletes Rs 1.44 Crore Unexplained Investment Addition Under Section 69, Says Investments Were Recorded in Books

ITAT Holds Accrued Share of Profit Expense Allowable Despite Non-Payment

Share India Securities Discloses NSE Clearing Penalty for Violation of Market Wide Position Limit Rules

ITAT Holds Share Capital Addition Unsustainable Where Assessee Furnished ITR

ITAT Rules Advisory Fee Directly Linked to Share Divestment Qualifies as Deductible Transfer Expenditure