Housing & Urban Development Corporation Ltd. v. DCIT [2025] 128 ITR387 (Delhi) (Trib.)

S. 4: Charge of income-tax-Premium on issue of tax-free bonds -Capital or revenue -Revenue receipt chargeable to tax. [S. 28(i)]

 

Held that the premium received on bonds did not result in expansion of share capital or capital base of assessee. Such receipts formed part of floating capital and therefore constituted revenue receipts chargeable to tax (AY. 2012-13, 2014-15, 2015-16)    

Leave a Reply

Your email address will not be published. Required fields are marked *

*