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Income Tax | Partner’s ₹2,111.23 Crore Capital Contribution Not Taxable Under Section 56: ITAT Hyderabad
ITAT Hyderabad holds ₹2,111.23 crore capital reserve contributed by partner as capital receipt, not taxable under Section 56(1) or 56(2)(viia). The post Partner’s ₹2,111.23 Crore Capital Contribution Not Taxable Under Section 56: ITAT Hyderabad appeared first on TaxGuru .
Attribution
Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.
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