Supreme Court: Driving Licence Renewal After a Gap Will Not Take Effect From Expiry Date || Supreme Court: High Courts Cannot Quash Cheque Bounce Cases by Pre-Trial Inquiry Into Liability || Supreme Court: Passport Renewal Cannot be Denied if Trial Court Has Permitted it Despite Pending Case || SC: Delay in Depositing Sale Balance Does not Make Specific Performance Decree Inexecutable || Supreme Court: Non-Compete Fees Qualify as Deductible Revenue Expenditure under Income Tax Act || Supreme Court: Section 311 CrPC Should be Invoked Sparingly, Only When Evidence is Vital || J&K&L High Court: Successive Bail Applications Can Be Filed Even Without Change in Circumstances || Kerala HC: Fresh Arbitration Notice is Required For Second Arbitration After Prior Award Set Aside || NCLT Hyderabad: Mortgaging Property Without Lending Money Does Not Constitute Financial Debt || Supreme Court: Vacancies From Resignations under CUSAT Act Must Follow Communal Rotation

Search Results for Tag : Section 56(2)

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CBDT Notifies Tax Exemption to Startups from 'Rigour' of Section 56(2)(viib) of Income Tax Act(20.06.2016)

Central Board of Direct Taxes (CBDT) has notified tax exemption on investments above fair market rate for startups. The exemption is provided to start.....

Tags : Central Board of Direct Taxes, section 56(2)(viib) of Income Tax Act, startups

ITAT, Ahmedabad: Third Party Shareholders Renouncing Rights Shares is Liable to Tax U/S 56(2)(10.05.2022)

Income Tax Appellate Tribunal, Ahmedabad has ruled that third party shareholders renouncing rights shares in favour of the assesse are liable to tax u.....

Tags : Income Tax Appellate Tribunal, assesse, Section 56(2), Income Tax, 1961