https://www.taxtmi.com/highlights?id=20886 The amount of forfeited share application money transferred to “warrant, forfeiture account” in the capital reserve, is a capital receipt only and cannot be taxed as income of the assessee, either u/s 28(iv) or u/s 41(1) - AT en-us Thu, 04 Dec 2014 10:07:59 +0530 Thu, 04 Dec 2014 10:07:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=20886 The amount of forfeited share application money transferred to “warrant, forfeiture account” in the capital reserve, is a capital receipt only and cannot be taxed as income of the assessee, either u/s 28(iv) or u/s 41(1) - AT Highlights Income Tax Thu, 04 Dec 2014 10:07:59 +0530 https://www.taxtmi.com/highlights?id=20886