The amount of forfeited share application money transferred to ...

Case Laws Income Tax

December 4, 2014

The amount of forfeited share application money transferred to “warrant, forfeiture account” in the capital reserve, is a capital receipt only and cannot be taxed as income of the assessee, either u/s 28(iv) or u/s 41(1) - AT

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The amount of forfeited share application money transferred to ...

Case Laws Income Tax

December 4, 2014

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