SHARE APPLICATION MONEY

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....HARE APPLICATION MONEY<br> Query (Issue) Started By: - Srikesh Dujari Dated:- 3-6-2014 Last Reply Date:- 19-6-2014 Income Tax<br>Got 1 Reply<br>Income Tax<br>A Pvt ltd company who has received Share A....

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....pplication Money for Rs. 1Crore in the F.Y. 2013-14 wants to transfer the said application money to Unsecured Loan A/c. Can it do so ?Please give Case Law reference of any High Court or Supreme Court.....

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.... Reply By CA GOPALJI AGRAWAL: The Reply: It can be done under the instruction of the depositor. It would not violate the provision of section 269SS as held in the case of Lala Murali Lal 2004 -2 SOT....

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.... 543 = 2002 (7) TMI 749 - ITAT LUCKNOW<br> Discussion Forum - Knowledge Sharing ....