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Income Tax - Highlights / Catch Notes

Home Highlights July 2021 Year 2021 This

Addition on account of share application and share premium money ...


Share Application, Premium Money Not Received This Year; Section 68 Addition Not Applicable for Assessee. Favorable Outcome.

July 19, 2021

Case Laws     Income Tax     AT

Addition on account of share application and share premium money u/s 68 - assessee has received share application and share premium money from eleven investor companies - the share application money and premium was not received in the current financial year, which is the subject matter under appeal. Therefore, the assessee succeed. - AT

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