{"id":12818,"date":"2020-10-09T14:05:11","date_gmt":"2020-10-09T14:05:11","guid":{"rendered":"https:\/\/itatonline.org\/digest\/clearview-healthcare-p-ltd-v-ito-2020-181-itd-141-185-dtr-369-77-itr-39-s-n-203-ttj-349-delhi-trib\/"},"modified":"2020-10-09T14:05:11","modified_gmt":"2020-10-09T14:05:11","slug":"clearview-healthcare-p-ltd-v-ito-2020-181-itd-141-185-dtr-369-77-itr-39-s-n-203-ttj-349-delhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/clearview-healthcare-p-ltd-v-ito-2020-181-itd-141-185-dtr-369-77-itr-39-s-n-203-ttj-349-delhi-trib\/","title":{"rendered":"Clearview Healthcare (P.) Ltd. v. ITO (2020) 181 ITD 141\/ 185 DTR 369 77 ITR 39 (S.N.)\/ 203 TTJ 349 (Delhi) (Trib)"},"content":{"rendered":"<p>During year, assessee sold shares to a foreign company, namely, MSRL at rate of Rs. 380.53 per share . The\u00a0 AO\u00a0 held that\u00a0 share premium in excess of value of shares as determined under rule 11UA and, accordingly, he treated share premium as income of assessee as per provision of S. 56(2)(viib) of the Act . On appeal the Tribunal held that\u00a0 those very shares were sold in next financial year at much higher amount after proper due diligence to a non-resident buyer\u00a0 . Accordingly the addition was deleted .\u00a0 (AY. 2014 -15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 56 : Income from other sources \u2013 Sale of shares to non-resident \u2013 Valuation of shares- Share premium in excess of value of shares as determined under rule 11UA cannot be assessed as income of the assesseee. [ S.56(2) (viib) ,R.11UA ]   <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-12818","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3kK","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=12818"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12818\/revisions"}],"predecessor-version":[{"id":12819,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12818\/revisions\/12819"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}