https://www.taxtmi.com/highlights?id=33656 Amount received on account of forfeiture of share application money by way of issue of share warrants - capital receipts OR revenue receipt - It is capital receipt and not revenue receipt as it was not earned from regular business activities carried on by the assessee - AT en-us Thu, 09 Mar 2017 08:36:41 +0530 Thu, 09 Mar 2017 08:36:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=33656 Amount received on account of forfeiture of share application money by way of issue of share warrants - capital receipts OR revenue receipt - It is capital receipt and not revenue receipt as it was not earned from regular business activities carried on by the assessee - AT Highlights Income Tax Thu, 09 Mar 2017 08:36:41 +0530 https://www.taxtmi.com/highlights?id=33656