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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Revenue authorities cannot change the character of receipt from ...


Revenue Authorities Cannot Reclassify General Reserve as Share Premium Reserve for Tax u/s 56(1) Income Tax Act.

February 26, 2015

Case Laws     Income Tax     AT

Revenue authorities cannot change the character of receipt from General Reserve to share premium Reserve and tax the same u/s 56(1) - AT

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