- Provisions of section 68 not attracted as investment by investor ...🔍
- Technicalities of Section 68 to 69D w.r.t 155BBE and Panel Provisions🔍
- Overview and Controversies under Section 68 & 69🔍
- Section 68 Of Income Tax Act🔍
- 11|Section 68🔍
- Supreme Court upholds treatment of unexplained share capital ...🔍
- Cash Credits – Looming Clouds of Litigation🔍
- Applicability of the provisions of Section 68 of the Income|tax Act vis ...🔍
Provisions of section 68 not attracted as investment by investor ...
Provisions of section 68 not attracted as investment by investor ...
ITAT Delhi held that provisions of section 68 of the Income Tax Act are not attracted as the investment by the investor companies is duly ...
Where in the financial year immediately preceding the assessment year the assessee has made investments which are not recorded in the books of account, if any, ...
Section 69. Where assessee has made investments not recorded in books… 3. Section 69A. Where assessee is found to be the owner of any money… Section ...
Section 68 Of Income Tax Act: Tax On Unexplained Cash
In a nutshell, the provisions address unexplained cash credit in the form of loans, advances, deposits, share capital etc. Any income not ...
The provisions of sections 69, 69A, 69B and 69C treat unexplained investments, unexplained money, bullion, etc, and unexplained expenditure as ...
Supreme Court upholds treatment of unexplained share capital ...
The Supreme Court noted that the words “any sum found credited in the books” in section 68 of the ITA indicates that the section has broad scope ...
Cash Credits – Looming Clouds of Litigation | Taxsutra
As it may be known that the provisions of section 68 of the Act were introduced as an anti-abuse provision and has been part of the Act since ...
Applicability of the provisions of Section 68 of the Income-tax Act vis ...
In the case of closely held companies, investments are made by known persons. Therefore, a higher onus is required to be placed on such companies besides the ...
Addition u/s 68 towards sale of shares unsustainable as investment ...
ITAT Delhi held that addition under section 68 of the Income Tax Act towards sale of shares by the assessee unsustainable as such transaction cannot be alleged ...
Unexplained Cash Credit (Section 68) – Tax Treatment of ... - ClearTax
Credit of any sum to the taxpayer requires to be offered to tax unless it is specifically exempted as per tax provisions.
IRS Publishes Final Regs on Net Investment Income Tax - Tax Notes
... section 67 or 68 plus $75,000 of investment interest expense (which is not subject to either section 67 or section 68 limitations)). (g) Special rules -- (1) ...
Section 68 of Income Tax Act, 1961
While explaining the various credits and investments, it is possible that the assessee may be successful in explaining some of them, but that does not by itself ...
Section 115BBE and Section 68/69 – Taxation of Unexplained ...
v. CIT [2008] 166 Taxman 7 (All.) held that no addition u/s. 68 can be made in respect of investment made by different ...
The Devil in the Angel Tax - 3one4 Capital
While Section 56(2)(viib) taxes any such excess premium in the hands of the Startups at the Maximum Marginal Rate, Section 68 has a tax rate of ...
When IT dept. sought to tax rights issue as unexplained cash credit ...
Section 68 is often resorted to by the Income Tax Department (“ITD”), when large amounts of funds at significant premium are invested in ...
Addition u/s 68 - unexplained credits - The provisions of
AO was not... Addition u/s 68 - unexplained cash credit - even if the creditworthiness of the investors is not proved, even then it will not ...
Here is why Credit-worthiness of Investor and genuineness of the
Section 68 of Income tax act attract when Investor invest in your company. This section describes that when company issues its share then it ...
Research and Articles - Nishith Desai Associates
Section 68 is an anti-abuse provision which has been inserted in the ITA to bring into the tax net, cash for which no satisfactory explanation ( ...
the said amount could not attract section 68 because cash deposits become ... Similar provision is not there is section 69/69B. ▫ If an assessee is ...
OVERVIEW OF SECTIONS 68, 69, 69A, 69B & 69C. (Unexplained ...
b) Section 69: Unexplained Investment: - This relates to unrecorded investments where no satisfactory explanation is given to the AO. c) Section 69A: ...