Deletion made u/s 68 - assessee in the case was incorporated ...

Court Reviews Share Premium Hike u/s 68: New Company Lacks Evidence for Thousandfold Increase Over Face Value.

February 4, 2014

Case Laws Income Tax HC

Deletion made u/s 68 - assessee in the case was incorporated barely few months before the commencement of the assessment year, and there is no material to indicate why its markup of the share premium thousand folds in respect of the shares which were of the face value of Rs. 10 lakhs was justified - HC

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Deletion made u/s 68 - assessee in the case was incorporated ...

Court Reviews Share Premium Hike u/s 68: New Company Lacks Evidence for Thousandfold Increase Over Face Value.

February 4, 2014

Case Laws Income Tax HC

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