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Income Tax - Highlights / Catch Notes

Home Highlights August 2020 Year 2020 This

Income from other sources u/s 56(2)(viib) - premium received ...

Case Laws     Income Tax

August 6, 2020

Income from other sources u/s 56(2)(viib) - premium received from shareholders via-a-vis issue of equity shares and preference shares - AO cannot change the method of valuation adopted by the assessee by merely relying on the actual results in the subsequent years and arbitrarily coming to the conclusion that projections were not achieved. - AT

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