Tag: share premium taxation

ITAT Upholds Deletion of ₹3 Crore Addition, Says Low Income Alone Cannot Prove Lack of Creditworthiness

Editor Commissions, Forums & Tribunals June 6, 2026

Income Tax Appellate Tribunal (ITAT) Law Notify

June 5, 2026 : The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has dismissed the Revenue Department’s appeal against ANR International Pvt. Ltd., reaffirming that low income reflected in an investor’s income tax return cannot, by itself, justify treating share Read more…

Mumbai ITAT deletes Rs 36.54 crore angel tax addition against Catwalk Worldwide in DCF valuation dispute.

Team Law Notify Commissions, Forums & Tribunals May 16, 2026

ITAT _ Income Tax Appellate Tribunal _ LawNotify

May 15, 2026 : The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has ruled in favour of footwear company Catwalk Worldwide Limited, setting aside an addition of more than Rs. 36.54 crore made by the Income Tax Department Read more…