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- Adjudication of Penalties – Section 454 of Companies Act, 2013
- Implementation of e-verification scheme-2021
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Monthly Archives: January 2019
CBDT withdraws Circular on 56(2)(viia) applicability to fresh issuance of shares; Cites subjudice matters
CBDT withdraws Circular no. 10 dated 31st Dec 2018 clarifying that Section 56(2)(viia) of the Income-tax Act, 1961 (‘the Act’) shall not be applicable in cases of receipt of shares by a closely held company (specified company) or a firm … Continue reading
Posted in Direct Tax
CBDT: Sec. 56(2)(viia) not applicable to receipt of ‘freshly issued shares’ by closely held co.
CBDT clarifies that Sec. 56(2)(viia) shall not apply to receipt of shares by a closely held company (specified co.) or a firm on fresh issuance of shares; Takes note of representations that the term ‘receives’ used in 56(2)(viia), being of … Continue reading
Posted in Direct Tax