Addition u/s 56(2)(viia) - deemed gift - Since the transaction ...

Assessing Officer examines related party share transfer u/s 56(2)(viia) for potential tax implications on deemed gifts.

March 17, 2016

Case Laws Income Tax AT

Addition u/s 56(2)(viia) - deemed gift - Since the transaction of sale and purchase of shares is between related parties and both the companies are companies in which the public are not substantially interested, AO was justified in examining the applicability of the provisions of section 56(2)(viia) to the transaction of transfer of shares. - AT

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Addition u/s 56(2)(viia) - deemed gift - Since the transaction ...

Assessing Officer examines related party share transfer u/s 56(2)(viia) for potential tax implications on deemed gifts.

March 17, 2016

Case Laws Income Tax AT

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