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Income Tax Officer's Share Premium Additions Deleted for Misapplying Section 56(2)(viib) Without Proper Consideration of Facts.

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Full Text of the Document

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....Addition u/s 56(2)(viib) - share premium received - AO without appreciating above facts has simply made additions towards share premium on flimsy grounds by assigning grounds which are not relevant to consider share premium for the purpose of provisions of section 56(2)(viib) - Additions deleted - AT....

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