Friday, October 4, 2019

No sec. 68 additions if assessee allotted its shares at premium against discharge of debts by journal entries

INCOME TAX : No addition could be made under section 68 where assessee-company issued its shares at premium to certain companies in lieu of shares held by said companies and there was no inflow of cash

from www.taxmann.com Latest Case Laws https://ift.tt/30LwRfx
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