Tag: cbdt circular

Non application of section 56(2)(viia) to fresh issue of shares – CBDT clarifies again

Non application of section 56(2)(viia) to fresh issue of shares contrary to express provisions and legislative intent – CBDT clarifies again Circular No. 03/2019 F.No. 173/616/2018-ITA.IGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes) North Block, New Delhi,Dated the 21st January, 2019 Subject: Applicability of section …

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: …
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