Chartered Universe
LoginSign Up
Back to Articles
Tax & ComplianceTaxGuru

Income Tax | Unsupported Shell Company Allegations Cannot Sustain Share Sale Addition: Calcutta HC

15 Oct 2026 · 2d agoBy CA Sandeep KanoiSource: TaxGuru

Calcutta HC dismissed Revenue’s appeal against deletion of ₹9.32 crore under Section 68, finding no substantial question of law on share sale evidence. The post Unsupported Shell Company Allegations Cannot Sustain Share Sale Addition: Calcutta HC appeared first on TaxGuru .

Attribution

Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

Read on TaxGuru

More Articles

Audit & Standards16 Oct 2026

My Most Hated Subject in School Became My Biggest Advantage

Why every engineer, analyst and product person should learn how finance works. Continue reading on Medium »

Medium — Accounting · Tosin Ilesanmi

Audit & Standards16 Oct 2026

How Much Debt Dooes AI Have?

The simple answer is around $500 Billion with $3 Trillion of commitments, but if that is overleveraged and who stands the most to loose is… Continue reading on Medium »

Medium — Accounting · Dhru Patel

Tax & Compliance16 Oct 2026

Are You Still Paying Taxes From 10+ Years Ago?

A tax client and I were discussing their business and personal expenses for getting their most recent tax return filed, and they casually… Continue reading on Medium »

Medium — Tax & Accounting · Dwayne J Briscoe - Bookkeeping-Results, LLC

Tax & Compliance16 Oct 2026

Voluntary Provident Fund: Should you invest beyond EPF? Interest rates, tax rules and the ₹2.5 lakh limit explained

VPF allows salaried employees to invest beyond mandatory EPF contributions at the prevailing 8.25% interest rate. Understand the ₹2.5 lakh tax-free interest limit, tax on excess contributions and withdrawal rules before investing more for retirement.

LiveMint — Money