https://www.taxtmi.com/caselaws?id=267486 The ITAT upheld the CIT(A)'s decision that share premiums were capital receipts, not taxable as income. Relying on precedents, including Vodafone India Services (P) Ltd v. Union of India, it concluded that share premiums collected for AYs 2008-09 and 2009-10 were not taxable as income from other sources. The Revenue's appeals were dismissed. en-us Fri, 09 Oct 2015 00:00:00 +0530 Sat, 07 Nov 2015 10:10:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267486 The ITAT upheld the CIT(A)'s decision that share premiums were capital receipts, not taxable as income. Relying on precedents, including Vodafone India Services (P) Ltd v. Union of India, it concluded that share premiums collected for AYs 2008-09 and 2009-10 were not taxable as income from other sources. The Revenue's appeals were dismissed. Case-Laws Income Tax Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267486