Day: January 4, 2019

CBDT withdraws Circular on applicability of section 56(2)(viia) for shares issued by company in which public not substantially interested

CBDT withdraws controversial Circular No. 10/2018 on applicability of section 56(2)(viia) for shares issued by company in which public not substantially interested F. No . 173/616/2018-ITA-IGovernment  of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes(ITA-I Division) Circular  No. 02/2019New Delhi, the 04 January, 2019 Sub: …