Live Help
Get News Alerts from 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

AO couldn't apply sec. 56(2)(viib) to tax excess share premium without determining FMV of shares

May 13, 2019[2019] 107 15 (Madras)/[2019] 264 Taxman 310 (Madras)

INCOME TAX : Before applying provisions of section 56(2)(viib), assessing authority is required to undertake exercise of determining fair Market Value of shares as provided in provisions of section 56(2)(viib)
Best view in 1140 x 768