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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Disallowance u/s 56(2)(viib) - issuance of shares with premium - ...

Case Laws     Income Tax

July 3, 2019

Disallowance u/s 56(2)(viib) - issuance of shares with premium - share application money was received by the company from a non-resident company - since provisions of section 56(2)(viib), does not apply to consideration received from a non-resident - disallowance should be deleted

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