TMI BlogReopening of assessment u/s 147 - there is no basis to proceed on the premise that the allocation of...Reopening of assessment u/s 147 - there is no basis to proceed on the premise that the allocation of shares was at an artificially high premium. Merely because a sizeable sum was received in the nature of share premium during the year under consideration, would not automatically mean that the same was artificially increased. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|