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Compensation received for termination of construction of railway siding was capital receipt: ITAT
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Corporate Tax
Compensation received for termination of construction of railway siding was capital receipt: ITAT
Posted on
on
March 12, 2019
Tenet Tax Daily March 12 2019
By
tenettax-team
Corporate Tax
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Issue of shares to director to comply with a covenant in loan agreement with bank couldn’t be taxed u/s 56(2)(vii)
AO was required to access address of assessee mentioned in last ITR; reassessment notice on old address not valid
