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Income Tax - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Share premium received - additions u/s 56 - how the conclusion ...


Share Premium Used for Business Purposes, Not Added u/s 56 of Income Tax Act. No Additions Made.

August 10, 2016

Case Laws     Income Tax     AT

Share premium received - additions u/s 56 - how the conclusion was drawn that the share premium money was utilised for business purposes and not preserved for the purposes for which it was collected - No additions - AT

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