https://www.taxtmi.com/caselaws?id=176354 The High Court upheld the decisions of the lower authorities regarding a case involving the treatment of a loan given by the assessee to the company and the consideration of share premium amount as income. The Court found that the loan amount rightfully belonged to the assessee as capital and that the share premium amount did not represent accumulated profits of the company. The Court dismissed the appeal, stating that there was no substantial question of law arising from the issues raised by the revenue. en-us Tue, 29 Oct 2013 00:00:00 +0530 Thu, 03 Nov 2016 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176354 The High Court upheld the decisions of the lower authorities regarding a case involving the treatment of a loan given by the assessee to the company and the consideration of share premium amount as income. The Court found that the loan amount rightfully belonged to the assessee as capital and that the share premium amount did not represent accumulated profits of the company. The Court dismissed the appeal, stating that there was no substantial question of law arising from the issues raised by the revenue. Case-Laws Income Tax Tue, 29 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176354