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

Case Laws Income Tax

March 9, 2017

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 ...

Case Laws Income Tax

March 9, 2017

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