The Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that the Assessing Officer cannot invoke the provisions of Section 68 of the Income Tax Act, 1961 in case of share premium amount if such shares were allotted by the Company under a barter system. While rejecting the return filed by the assessee-Company, the Assessing […]
The post No Addition on Share Premium If Shares were allotted under a Barter System: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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