Perquisite or Benefit u/s 28(iv) - Addition for a discount on ...
Case Laws Income Tax
February 11, 2020
Perquisite or Benefit u/s 28(iv) - Addition for a discount on buy-back of Foreign Currency Convertible Bonds (FCCB) - the benefit has been received in the shape of the money and thus, the said benefit cannot be held as taxable even u/s 28(iv) of the Act.
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