Addition towards difference between the value of the shares ...

Section 56(2)(vii)(c) Exemption: Share Value Difference Not Taxable as Income for Inadequate Consideration.

March 19, 2014

Case Laws Income Tax AT

Addition towards difference between the value of the shares allotted and consideration paid - provision of s. 56(2)(vii)(c) shall not apply and the amount cannot be assessed as income in the hands of the assessee on the ground of inadequate consideration- AT

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Addition towards difference between the value of the shares ...

Section 56(2)(vii)(c) Exemption: Share Value Difference Not Taxable as Income for Inadequate Consideration.

March 19, 2014

Case Laws Income Tax AT

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