Monday, June 11, 2018

Excess share premium not taxable in hands of closely held co. if shares were issued to NR: ITAT

IT : Section 56(2)(viib) read with section 2(24)(xvi) are not made applicable to shares issued to non-residents mainly to encourage foreign investments

from www.taxmann.com Latest Case Laws https://ift.tt/2sWCSa5
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