Addition u/s 68 - conversion of preference share into equity ...

Case Laws Income Tax

August 31, 2019

Addition u/s 68 - conversion of preference share into equity share - the only doubt is that the value of share premium charged is not truly reflecting the intrinsic value of the equity shares of the company - the amount of preference shares credited in the earlier year and no cash/sum credited in the books of accounts in current year which is the essential condition to apply the provisions of u/s 68 - no addition

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Addition u/s 68 - conversion of preference share into equity ...

Case Laws Income Tax

August 31, 2019

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