The Central Board of Direct Taxes ( CBDT ) had issued Circular 10/2018 dated 31.12.2018 to clarify that provisions of Section 56(2)(viia) of the Income Tax Act, 1961 being anti-abuse provisions shall not be applicable in cases of receipt of shares by the specified company or firm as result of fresh issuance of shares including […]
The post CBDT Circular granting relief to fresh issue of Shares was applied only once before it’s Withdrawal: FM appeared first on Taxscan | Simplifying Tax Laws.
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