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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Reopening of assessment - charging of share premium over and ...

Income Tax

February 24, 2016

Reopening of assessment - charging of share premium over and above the intrinsic value of the share is income which has escaped assessment - the share premium being on the capital amount cannot be subjected to tax as income. - HC

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