section 56(2)(vii)(b)

  • Income Tax

CBDT notifies class of persons not covered under Angel Tax

CBDT notifies class of persons investment by whom not covered under Angel Tax u/s 56(2)(viib)  MINISTRY OF FINANCE(Department of Revenue)(CENTRAL…

11 months ago
  • Income Tax

CBDT proposes changes to Rule 11UA of Angel TAX- Excluded Entities to be notified

CBDT proposes changes to Rule 11UA in respect of ANGEL TAX- Also proposes to  notify Excluded Entities In the Finance…

11 months ago
  • Income Tax

Letter of Allotment can not be considered as agreement to sale. Addition u/s 56(2)(vii)(b) upheld

Letter of Allotment can not be considered as agreement to sale by any stretch of imagination. ITAT upheld addition u/s…

5 years ago