Perquisite or Benefit u/s 28(iv) - Addition for a discount on ...

Discount on FCCB Buy-Back Not Taxable as Perquisite u/s 28(iv) of Income Tax Act.

February 11, 2020

Case Laws Income Tax AT

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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Perquisite or Benefit u/s 28(iv) - Addition for a discount on ...

Discount on FCCB Buy-Back Not Taxable as Perquisite u/s 28(iv) of Income Tax Act.

February 11, 2020

Case Laws Income Tax AT

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