https://www.taxtmi.com/highlights?id=27472 Reopening of assessment - charging of share premium over and above the intrinsic value of the share is income which has escaped assessment - the share premium being on the capital amount cannot be subjected to tax as income. - HC en-us Wed, 24 Feb 2016 18:05:44 +0530 Wed, 24 Feb 2016 18:05:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27472 Reopening of assessment - charging of share premium over and above the intrinsic value of the share is income which has escaped assessment - the share premium being on the capital amount cannot be subjected to tax as income. - HC Highlights Income Tax Wed, 24 Feb 2016 18:05:44 +0530 https://www.taxtmi.com/highlights?id=27472