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![Share Application Money is ‘Capital Asset’ for the purpose of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/ITAT-Mumbai-Share-Application-Money-Capital-Asset-Income-Tax-Act-ITAT-Taxscan-1.jpg "Share Application Money is ‘Capital Asset’ for the purpose of Income Tax Act: ITAT [Read Order]")
Share Application Money is ‘Capital Asset’ for the purpose of Income Tax Act: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that Share Application Money is ‘Capital Asset’ for the purpose of Income Tax Act. As...