ASSISTANT COMMISSIONER OF INCOME TAX, NUNGAMBAKKAM vs. R K M POWERGEN PRIVATE LIMITED, T NAGAR

In the result the appeal of the revenue for the both the

254 (Hyderabad - Trib.):\nShare premium received from non-residents can neither be assessed under Section 56(1) or 56(2)(viib).\n7.5.18 I have considered the order of the AO and the submissions made by the assessee. The general scheme of the Income tax Act is that only revenue receipts have to be taxed; capital receipts cannot be taxed

ASSISTANT COMMISSIONER OF INCOME TAX, CHENNAI vs. R K M POWERGEN PVT. LTD., CHENNAI

In the result the appeal of the revenue for the both the\n