Login
Login
HomeDirect TaxNo Addition If No Fresh Share Capital or Premium Received During Year:...

No Addition If No Fresh Share Capital or Premium Received During Year: ITAT

Direct Tax

Published on

By Mariya Paliwala
No Addition If No Fresh Share Capital or Premium Received During Year: ITAT

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has held that no addition under Section 68 of the Income Tax Act, 1961 can be made where there is no fresh receipt of share capital or share premium during the relevant assessment year and directed deletion of addition of Rs. 1.38 crore made by the Assessing…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here
Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

Columns

GST TDS vs RCM on Scrap Purchase: Registered and Unregistered Dealer Rules Explained

The GST framework governing metal scrap transactions has undergone a significant change with the...
Money Hacks

Rupee Likely to Stay Weak Against U.S. Dollar Despite RBI Measures Expected to Attract $50 Billion in Inflows

Despite a series of measures announced by the Reserve Bank of India (RBI) to...
Notification

CBDT Notifies TDS Exemption on Aircraft Lease Rentals Paid to IFSC Units Under Income-tax Act, 2025

In a relief aimed at promoting aircraft leasing activities through India's International Financial Services...
Notification

India Notifies Rules of Origin for India–UK Free Trade Agreement; New Customs Framework Effective from July 15

The Central Government has notified the Customs (Administration of Rules of Origin under the...

More like this

Columns

GST TDS vs RCM on Scrap Purchase: Registered and Unregistered Dealer Rules Explained

The GST framework governing metal scrap transactions has undergone a significant change with the...
Money Hacks

Rupee Likely to Stay Weak Against U.S. Dollar Despite RBI Measures Expected to Attract $50 Billion in Inflows

Despite a series of measures announced by the Reserve Bank of India (RBI) to...
Notification

CBDT Notifies TDS Exemption on Aircraft Lease Rentals Paid to IFSC Units Under Income-tax Act, 2025

In a relief aimed at promoting aircraft leasing activities through India's International Financial Services...

About us

About Jurishour – Juris Hour is an online news portal for reporting accurate and honest news, articles, judgments, Circulars, orders and notifications related to legal developments.

Company

Categories

© 2025 Juris Hour. All Rights Reserved.