Share Premium Taxability Confirmed u/s 56(2)(viib) and Rule 11UA, Applies Even Without Unaccounted Funds Involvement.

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....Taxability of shares premiums u/s 56(2)(viib) r.w. Rule 11UA - contention that provisions of section 56(2)(viib) should be applicable only when there is investment of unaccounted money - not find any merit in the argument....