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

Notification

No Change in Salary or Pension, Centre Revises Accounting Rules From FY 2027-28

The Finance Ministry has introduced a comprehensive overhaul of the government expenditure classification framework....
GST

Ghaziabad DGGI | Online Gaming GST Fraud: Meerut Court Denies Anticipatory Bail to Alleged Operator of Dummy Firms

The Court of the Additional Sessions Judge, Meerut, has rejected the anticipatory bail application...
Direct Tax

CA Can’t Be Taxed on Client Funds Used for Statutory Payments: ITAT Deletes Rs. 29.87 Crore Addition

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that CA can’t...
Indirect Taxes

Ahmedabad Customs Seizes Gold Chain Hooks Worth Rs. 60.24 Lakh Concealed by Sharjah Passenger; Arrest Made

Customs officials at Sardar Vallabhbhai Patel International Airport (SVPI), Ahmedabad, have seized 600.240 grams...

More like this

Notification

No Change in Salary or Pension, Centre Revises Accounting Rules From FY 2027-28

The Finance Ministry has introduced a comprehensive overhaul of the government expenditure classification framework....
GST

Ghaziabad DGGI | Online Gaming GST Fraud: Meerut Court Denies Anticipatory Bail to Alleged Operator of Dummy Firms

The Court of the Additional Sessions Judge, Meerut, has rejected the anticipatory bail application...
Direct Tax

CA Can’t Be Taxed on Client Funds Used for Statutory Payments: ITAT Deletes Rs. 29.87 Crore Addition

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that CA can’t...

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.