SHARE APPLICATION MONEY

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..... SHARE APPLICATION MONEY
Query (Issue) Started By: - Srikesh Dujari Dated:- 3-6-2014 Last Reply Date:- 19-6-2014 Income Tax
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Income Tax
A Pvt ltd company who has received Share .....

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..... Application Money for Rs. 1Crore in the F.Y. 2013-14 wants to transfer the said application money to Unsecured Loan A/c. Can it do so ?Please give Case Law reference of any High Court or Supreme Court .....

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..... . Reply By CA GOPALJI AGRAWAL: The Reply: It can be done under the instruction of the depositor. It would not violate the provision of section 269SS as held in the case of Lala Murali Lal 2004 -2 SO .....

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..... T 543 = 2002 (7) TMI 749 - ITAT LUCKNOW
Discussion Forum - Knowledge Sharing .....

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