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Income Tax - Highlights / Catch Notes

Home Highlights January 2016 Year 2016 This

Reopening of assessment - allotment of shares at high premium - ...


Court Allows Reopening of Assessment on High Premium Share Allotment; Proceedings to Continue Despite Petitioner Arguments.

January 29, 2016

Case Laws     Income Tax     HC

Reopening of assessment - allotment of shares at high premium - Prima facie, the facts appear to be glaring - We are not inclined to terminate the assessment proceedings at this stage on the grounds pressed in service by the petitioners. - HC

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