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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Transfer to the General Reserve on amalgamation - amounts ...

Income Tax

March 23, 2015

Transfer to the General Reserve on amalgamation - amounts transferred by the assessee company to the General Reserve on amalgamation is not in the nature of any benefit or perquisite and thus not taxable under Section 28(iv) of the Income Tax Act, 1961 - HC

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