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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Nature of income received in the name of share premiums - ...

Income Tax

August 22, 2018

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.

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