Income Benefit
This query is : Resolved
14 January 2009
Please suggest some caselaws in relation to Income benefit u/s.28(iv)in favour of assessee.
Matter is:
Instead of taking the actual sale value A.O. took intrinsic value of unquoted shares as sale value and the difference between intrinsic value and par value was considered as income benefit u/s.28(iv) and disallowed.
Matter is:
Instead of taking the actual sale value A.O. took intrinsic value of unquoted shares as sale value and the difference between intrinsic value and par value was considered as income benefit u/s.28(iv) and disallowed.
14 January 2009
Its really a good question. I would also like to be updated in this matter. Dear Namrata, please mail me any clarification recieved by you even from any other source on this matter. my id is tarun2507@gmail.com. Its a humble request to you.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Bogus purchase treatment for it act gst dealer
- Gst input for FY 23-24
- Company registration : Rental agreement or NOC?
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
