Judgement

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. 


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

The ITAT Mumbai Holds Mere Investigation Wing Report Cannot Deny Genuine LTCG Exemption Where Share Transactions Are Supported by Evidence


ITAT Allows Section 10(38) LTCG Exemption on Greencrest Shares

News

ED has provisionally attached Reliance Infrastructure’s Reliance Power shares worth Rs 762.75 crore under PMLA proceedings, while the company plans to challenge the order legally.

Reliance Infrastructure Receives ED Provisional Attachment Order Over Rs 762.75 Crore Reliance Power Shareholding

ITAT Holds Business Loss from Genuine Share Transactions Cannot Be Taxed as Unexplained Cash Credit Under Section 68

FirstCry Parent Brainbees Receives Income Tax Reassessment Notice Over ESOP Shares

Tribunal finds Assessing Officer failed to independently examine information before reopening.

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

ITAT Allows Section 10(38) LTCG Exemption on Greencrest Shares

Reliance Infrastructure Receives ED Provisional Attachment Order Over Rs 762.75 Crore Reliance Power Shareholding

ITAT Holds Business Loss from Genuine Share Transactions Cannot Be Taxed as Unexplained Cash Credit Under Section 68

FirstCry Parent Brainbees Receives Income Tax Reassessment Notice Over ESOP Shares

ITAT Quashes Reassessment Against Investor Over Kyra Landscapes Shares, Cites Borrowed Satisfaction by AO