https://www.taxtmi.com/highlights?id=12493 Share application money - if the identity of the non-resident remitter is established and the money has come in through banking channels, it would constitute a capital receipt and ordinarily cannot be treated as deemed income under sections 68 or 69 of the Act. - AT en-us Tue, 30 Apr 2013 10:52:24 +0530 Tue, 30 Apr 2013 10:52:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=12493 Share application money - if the identity of the non-resident remitter is established and the money has come in through banking channels, it would constitute a capital receipt and ordinarily cannot be treated as deemed income under sections 68 or 69 of the Act. - AT Highlights Income Tax Tue, 30 Apr 2013 10:52:24 +0530 https://www.taxtmi.com/highlights?id=12493