https://www.taxtmi.com/caselaws?id=766646 Section 56(2)(viib) was held inapplicable to share premium received by a wholly owned subsidiary from its 100% holding company because the transaction was confined within the group and no benefit accrued to an outside party. Relying on earlier co-ordinate bench rulings endorsed by the High Court, the Tribunal found the deletion of the addition consistent with the settled legal position, and the Revenue's challenge failed. en-us Thu, 27 Feb 2025 00:00:00 +0530 Sat, 01 Mar 2025 08:25:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766646 Section 56(2)(viib) was held inapplicable to share premium received by a wholly owned subsidiary from its 100% holding company because the transaction was confined within the group and no benefit accrued to an outside party. Relying on earlier co-ordinate bench rulings endorsed by the High Court, the Tribunal found the deletion of the addition consistent with the settled legal position, and the Revenue's challenge failed. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766646