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Income Tax - Highlights / Catch Notes

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Addition u/s 68 - acquiring shares of certain companies from ...

Income Tax

March 26, 2021

Addition u/s 68 - acquiring shares of certain companies from certain shareholders without paying any cash consideration - provisions of section 68 of the Act does not apply to cases of purchase of shares and allotment of shares when the purchase and allotment are under a barter system. - AT

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