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Income Tax - Highlights / Catch Notes

Home Highlights May 2021 Year 2021 This

Addition on account of share premium received by the assessee ...

Income Tax

May 12, 2021

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

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