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Section 56(2)(viib) applies in the year in which shares are allotted and not when application money is received

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  • Section 56(2)(viib) applies in the year in which shares are allotted and not when application money is received
Posted onon May 7, 2019

Tenet Tax Daily May 03 2019

By tenettax-team
Corporate Tax

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Writ petition could be filed against reassessment order passed without hearing assessee
Liquidated damages to finance co. is ‘interest’ income eligible to section 10(23G) exemption

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