TMI BlogNature of income received in the name of share premiums - lifting of corporate veil - AO taxed the same...Nature of income received in the name of share premiums - lifting of corporate veil - AO taxed the same business income - CIT(A) taxed the same as income from other sources - AO directed to examine that, whether the assessee company was used as a vehicle to pass on the benefit to shareholders/ directors. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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