TMI BlogAddition on account of share premium received by the assessee u/s 56(1) - income from other sources -...Addition on account of share premium received by the assessee u/s 56(1) - income from other sources - the addition has been admittedly made by the ld. AO u/s.56(1) of the Act and no such enquiries doubting the genuineness of the transactions or the genuineness of the investors were doubted by the ld. AO in the instant case. - CIT(A) had rightly deleted the addition made u/s.56(1) of the Act on account of receipt of share premium - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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