Tuesday, March 26, 2019

No TP adjustments on share purchase at high premium as it doesn't amount to revenue receipt: Bombay HC

IT: Where shares which had been purchased by assessee from its 100 per cent subsidiary AE at high premium were on capital account, revenue cannot bring difference between investment and fair market value of shares to tax

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