Corporate and Professional updates 6th March 2018
Corporate and Professional updates 6th March 2018 Direct Tax: ITAT upholds Revenue’s plea that assessee (a private limited company & engaged in real estate business) received high share premium as a conduit to route the funds involved as a ‘layering’ process, holds that share-premium of Rs.49.5cr is taxable u/s 68 as unexplained cash credit for AY …