Due explanation of ground of receipt of Share Application Money: Gujarat HC quashes Reassessment [Read Order]

Share - Application - Money - Gujarat - HC - Reassessment - TAXSCAN

The Gujarat High Court quashed re assessment order as there was due explanation of ground of receipt of share application money. The petitioner, Gujarat Natural Resources Limited a company, engaged in the business of trading in oil products, filed its return of income for the assessment year 2011-2012 declaring its total income. The Assessing Officer…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader