https://www.taxtmi.com/caselaws?id=469449 Section 68 was stated to apply only to a credited sum of money and not to share allotments or transfers settled through a non-cash share-swap or barter arrangement; on that basis, share capital and share premium additions were described as unsustainable where no cash was received and subscriber particulars were furnished. The note also records that, where no exempt income is earned, disallowance under section 14A read with Rule 8D is not justified merely because investment activity exists. The stated outcome is that both the section 68 addition and the section 14A disallowance were deleted. en-us Fri, 07 Mar 2025 00:00:00 +0530 Wed, 17 Jun 2026 17:08:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469449 Section 68 was stated to apply only to a credited sum of money and not to share allotments or transfers settled through a non-cash share-swap or barter arrangement; on that basis, share capital and share premium additions were described as unsustainable where no cash was received and subscriber particulars were furnished. The note also records that, where no exempt income is earned, disallowance under section 14A read with Rule 8D is not justified merely because investment activity exists. The stated outcome is that both the section 68 addition and the section 14A disallowance were deleted. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469449