Business deductions and transfer pricing issues: tribunal treatment of software write-offs, donation receipts, warranty provisions, and related expens...
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Addition u/s 56(2)(ix) - forfeited amount of application money collected on issuing shares against share warrants - The amount forfeited by the assessee out share capital issued by it shall not fall within the scope of sec. 56(2)(ix) - Further, the said amount shall constitute a Capital receipt in the hands of the assessee. - Not taxable - AT
Addition u/s 56(2)(ix) - forfeited amount of application money collected on issuing shares against share warrants - The amount forfeited by the assessee out share capital issued by it shall not fall within the scope of sec. 56(2)(ix) - Further, the said amount shall constitute a Capital receipt in the hands of the assessee. - Not taxable - AT
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