Issuing Shares at High Premium: Legal If Statutory Requirements Met; Section 56(2)(viib) Tax Applies Post-April 1, 2013.

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....Addition u/s.68 - share premium - nothing in law prohibits issue of shares at high premium once the assessee had duly complied with statutory requirements as to shares allotment - taxability u/s 56(2)(viib) is w.e.f from 01/04/2013 only....