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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Addition towards share premium u/s 68 - The definition of income ...

Case Laws     Income Tax

February 2, 2019

Addition towards share premium u/s 68 - The definition of income as provided under section 2(24) at the relevant time did not define as income any consideration received for issue of share in excess of its fair market value. This came into the statute only with effect from April 1, 2013

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  10. Addition u/s 68 or 56 - Undisclosed income of unsecured loan - share application money receipt - the share application money was received in the financial year 2011-12 -...

  11. Addition u/s 68 - share capital issued at the premium - unexplained cash credit - Assessee has fully discharged its onus cast under section 68 of the Act and proved the...

  12. Addition u/s 68 deleted - sum received towards share premium not treated as undisclosed income - assessee considered an entry operator, not engaged in actual business,...

  13. Addition u/s 68 - Unexplained cash credits - share premium & security premium - source of alleged cash credit could not be explained - the provisions of section 68 have...

  14. Unexplained cash credits u/s 68 were added due to assessee's failure to discharge onus regarding bogus share capital including premium receipts. Despite filing...

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