Del. HC: Litigation Related to Tenancy Unfortunately Takes More Than a Decade to Fructify  ||  Jh. HC: Process of Constituting Transgender Welfare Board Must be Expedited  ||  Bom. HC: Can’t Open Reassessment Based on Reasons from Other Departments or Commission Report  ||  Del. HC: Proper Officer Empowered to Grant Upto 3 Adjournments if Sufficient Cause Shown  ||  Order to Terminate Pregnancy of Minor Rape Survivor, Recalled by Supreme Court  ||  Licenses of 14 Patanjali and Divya Pharmacy Products Suspended by Uttarakhand Licensing Authority  ||  PIL Seeking ‘Authoritative Interpretation’ of Section 66 PMLA Refused by Delhi High Court  ||  All. HC: Can’t Declare Transaction Benami on Contractor’s Statement Without Relevant Material  ||  Del. HC: Denying ITC to Taxpayers One of the Outcomes of GST Registration Cancell. with Retrospect  ||  Cal HC: Penalty Amount on Higher Value than Invoice Value Can’t be Computed by GST Dep. w/o Evidence    

ITAT, Kolkata: Swapping Company Shares Among Shareholders Does Not Attract Addition u/s 68 - (03 Mar 2020)

DIRECT TAXATION

Income Tax Appellate Tribunal (ITAT), Kolkata has held that the provisions of Section 68 of the Income Tax Act, 1961 would not be applicable in case of swapping of company shares in lieu of shares by the shareholders.

Tags : INCOME TAX APPELLATE TRIBUNAL   SWAPPING COMPANY SHARES  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved