Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (9) TMI 1314 - AT - Income TaxAddition on account of share premium treated as income from other sources u/s 56(1) - HELD THAT:- As in assessee’s own case for assessment year 2010–11 by following earlier decision for the assessment year 2009–10, rendered similar findings. D.R. could not show us any reason to deviate from the aforesaid decisions and no change in facts and law was alleged in the relevant assessment year. The issue arising in the present appeal is recurring in nature and has been decided by the Co–ordinate Bench of the Tribunal in assessee’s own case for preceding assessment years. It is also to be noted that during the year under consideration, premium per share was collected in comparison to premium of Rs.490, per share and Rs.466, per share in assessment year 2009–10 and 2010–11 respectively. Thus, we find no infirmity in the impugned order passed by the learned CIT(A) on this issue. As a result, grounds raised by the Revenue are dismissed.
|