Tuesday, July 2, 2019

Circular granting tax relief to fresh issue of shares u/s 56(2)(viia) was applied only once before i

The Finance Minister, Smt. Nirmala Sitharaman, has stated that only one case assessed in Delhi wherein Circular 10/2018 dated 31.12.2018 was taken into account during the course of the assessment proceedings and appropriate remedial measures to apply the circular no. 3/2019 dated 21.01.2019 are being identified.

from taxmann.com News https://www.taxmann.com/topstories/222330000000018941/circular-granting-tax-relief-to-fresh-issue-of-shares-us-562viia-was-applied-only-once-before-it’s-withdrawal.aspx

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