Reassessment for unreturned property sales survives where transfer information, non-filing, and unsupported exemption claims establish a prima facie l...
Profit-element taxation limits additions for unaccounted flat-sale receipts and grey-market purchases, while reliable search records support partial a...
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
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4897 
