Equity Shares Issuance to Sister Concern Not Taxable u/s 56(2)(viib); No Unaccounted Money Involved.

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....Addition of share premium received on issue of equity shares u/s.56(2)(viib) - shares were issued to its sister’s concern only and the transactions are between two closely held companies and it cannot be classified or equated to generations/circulations of unaccounted money. - No additions - AT....