sums forfeited on non-payment of instalments of share warrants would be treated as capital receipts, says ITAT
IT: Where assessee issued optionally convertible warrants during relevant year, amount forfeited by it on account of subsequent non-payment of instalments towards warrants issue had to be treated as capital receipt not liable to tax
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Prarthana Jalan
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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>
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