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Income Tax - Highlights / Catch Notes

Home Highlights February 2022 Year 2022 This

Addition of share premium received on issue of equity shares u/s. ...

Income Tax

February 18, 2022

Addition of share premium received on issue of equity shares u/s.56(2)(viib) - shares were issued to its sister’s concern only and the transactions are between two closely held companies and it cannot be classified or equated to generations/circulations of unaccounted money. - No additions - AT

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