Increase of general reserve due to Composite Scheme of ...

Composite Scheme of Arrangement and Amalgamation Reserves Not a Benefit u/s 28(iv) of Income Tax Act.

February 28, 2019

Case Laws Income Tax AT

Increase of general reserve due to Composite Scheme of Arrangement and Amalgamation of the assessee-company is neither a benefit nor a perquisite nor it is arisen out of carrying on of the business or profession by the assessee. Hence, provisions of Section 28(iv) is not applicable.

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Increase of general reserve due to Composite Scheme of ...

Composite Scheme of Arrangement and Amalgamation Reserves Not a Benefit u/s 28(iv) of Income Tax Act.

February 28, 2019

Case Laws Income Tax AT

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