Friday, April 5, 2019

No sec. 68 additions on excess share premium received if genuineness of transaction was proved; SLP dismissed

IT : SLP dismissed against High Court ruling that once genuineness, creditworthiness and identity of investors were established, no addition could be made as cash credit on ground that shares were issued at excess premium

from www.taxmann.com Latest Case Laws http://bit.ly/2YTP2j4
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