Upgrade to AI Search ✕

We've upgraded AI Search on TaxTMI with two powerful modes:

1. Basic
• Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI

2. Advanced
• Includes everything in Basic
• Detailed report covering:
     - Overview Summary
     - Governing Provisions [Acts, Notifications, Circulars]
     - Relevant Case Laws
     - Tariff / Classification / HSN
     - Expert views from TaxTMI
     - Practical Guidance with immediate steps and dispute strategy

• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:

Call Us / Help / Feedback✕

TMI Blog

Home /

Previous Next

2021 (7) TMI 1442

X X X X Extracts X X X X

Full Text of the Document

X X X X Extracts X X X X

..... DR ORDER PER DR. B.R.R. KUMAR, ACCOUNTANT MEMBER: The present appeal has been filed by the revenue against the order of ld. CIT (A)-I, New Delhi dated 22.03.2017. 2. Following grounds have been raised by the revenue: "1. The ld. CIT (A) erred in deleting addition of Rs. 4,08,06,000/- made u/s 68 of the Income Tax Act, 1961 being non-genuine/unexplained share capital/share premium." 3. The....

X X X X Extracts X X X X

Full Text of the Document

X X X X Extracts X X X X

.... (DCF) method. 5. The ld. CIT (A) deleted the addition on the grounds that once Rule 11UA has been notified by the CBDT, the rule would be applicable for the entire assessment year and not for the transactions done after 29.11.2012. 6. Before us, it was submitted that the amounts have been received as loans initially which were subsequently converted into share capital vide Board resolution date....

Previous Next

Contact Us At :

FAQs :

Most Asked Video Tutorials :

Submit Feedback/Suggestion :

2021 (7) TMI 1442