Amount received on account of forfeiture of share application ...

Share Application Money Forfeiture Classified as Capital Receipt, Not Revenue, Due to Non-Business Origin.

March 9, 2017

Case Laws Income Tax AT

Amount received on account of forfeiture of share application money by way of issue of share warrants - capital receipts OR revenue receipt - It is capital receipt and not revenue receipt as it was not earned from regular business activities carried on by the assessee - AT

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Amount received on account of forfeiture of share application ...

Share Application Money Forfeiture Classified as Capital Receipt, Not Revenue, Due to Non-Business Origin.

March 9, 2017

Case Laws Income Tax AT

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