section (56)(2)(vii)

  • Income Tax

Addition u/s 56(2)(ii) deleted as Law cannot ignore ground realities despite a deeming fiction

Addition u/s 56(2)(ii) deleted as Law cannot operate in vaccum de-horse ground realities though deeming section not requires any incriminating…

4 years ago
  • Income Tax

CBDT grants Retrospective exemption to startup companies from angel tax w.e.f. 19.02.2019

CBDT grants Retrospective exemption to startup companies from angel tax w.e.f. 19.02.2019 - Notification  MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD…

5 years ago
  • Income Tax

Section 56-2-vii property received without consideration extended to all classes of assessee

Section 56-2-vii property received without consideration extended to all assessee including companies and firm for taxation as Income from other…

7 years ago