https://www.taxtmi.com/caselaws?id=194884 The tribunal upheld the CIT(A)'s decision to delete the addition of share premium totaling Rs. 3,30,52,500, considering it a capital receipt not taxable under the Income Tax Act. The appeals filed by the Revenue were dismissed, affirming that the share premium was a capital transaction and not subject to taxation under section 28(iv) or any other provision of the Act. en-us Fri, 25 Nov 2016 00:00:00 +0530 Thu, 05 Oct 2017 09:32:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194884 The tribunal upheld the CIT(A)'s decision to delete the addition of share premium totaling Rs. 3,30,52,500, considering it a capital receipt not taxable under the Income Tax Act. The appeals filed by the Revenue were dismissed, affirming that the share premium was a capital transaction and not subject to taxation under section 28(iv) or any other provision of the Act. Case-Laws Income Tax Fri, 25 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194884