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No sec. 68 additions if assessee allotted its shares at premium against discharge of debts by journal entries

October 4, 2019[2019] 109 330 (Kolkata - Trib.)/[2019] 178 ITD 684 (Kolkata - Trib.)

INCOME TAX : No addition could be made under section 68 where assessee-company issued its shares at premium to certain companies in lieu of shares held by said companies and there was no inflow of cash
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