Live Help
Get News Alerts from Taxmann.com on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session
 

No angel tax if assessee is step-down subsidiary of a Public Co. listed in stock Exchange: ITAT

June 5, 2019[2019] 105 taxmann.com 254 (Hyderabad - Trib.)/[2019] 176 ITD 724 (Hyderabad - Trib.)
608 Views

IT: Where Assessing Officer made additions to income of assessee-company by invoking provisions of section 56(2)(viib) in respect of excess share premium received by it, since assessee was second level subsidiary of a company in which public was substantially interested, assessee's case would not fall under section 56(2)(viib), thus, impugned addition made by Assessing Officer was unjustified

IT: Difference between value of actual investment and value as on balance sheet is not dividend income and, hence, section 14A could not be invoked

read more

taxmann.com
Payment
Best view in 1140 x 768