Income from IPO Brokerage Must Be Recognized by Assessee Company; Overriding Title Principle Not Applicable.

Income from IPO Brokerage Must Be Recognized by Assessee Company; Overriding Title Principle Not Applicable. https://www.taxtmi.com/highlights?id=21691 Accrual of income - brokerage on new issue of shares (IPO) - double taxation - all the income earned at the first stage has to be treated as income of the assessee company. The doctrine of overriding title cannot be applied to the case of the assessee company. - AT en-us Sat, 07 Feb 2015 19:27:32 +0530 Sat, 07 Feb 2015 19:27:32 +0530 TaxTMI RSS Generator Income from IPO Brokerage Must Be Recognized by Assessee Company; Overriding Title Principle Not Applicable. https://www.taxtmi.com/highlights?id=21691 Accrual of income - brokerage on new issue of shares (IPO) - double taxation - all the income earned at the first stage has to be treated as income of the assessee company. The doctrine of overriding title cannot be applied to the case of the assessee company. - AT Highlights Income Tax Sat, 07 Feb 2015 19:27:32 +0530 https://www.taxtmi.com/highlights?id=21691