Supreme Court clarifies taxability of interest on share application money: Commissioner of Income Tax vs. Shree Rama Multi Tech Ltd (2018)

/ Abhay Manohar Sapre, Income Tax Act, 1961, Income Tax Act, 1961 with Section 147, Income Tax Act, 1961 with Section 240, Income Tax Act, 1961 with Section 44AB, Judges, R.K. Agrawal

Supreme Court on Taxability of Interest on Share Application Money: Commissioner of Income Tax vs. Shree Rama Multi Tech Ltd (2018) LEGAL ISSUE: Whether interest earned on share application money is taxable income. CASE TYPE: Income Tax. Case Name: The Commissioner of Income Tax-IV, Ahmedabad vs. M/s. Shree Rama Multi Tech Ltd. [Judgment Date]: 24 […]

Supreme Court clarifies taxability of interest on share application money: Commissioner of Income Tax vs. Shree Rama Multi Tech Ltd (2018) Read Post »