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Applicability of sec 56 (2)(vii)

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(Querist)
22 May 2010 Hi,
I want to know the applicability of section 56(2)(vii), whether this section is going to be applicable to companies also.
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CMA.Palani Arumugam

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CMA.Palani Arumugam (Expert)
22 May 2010 section 56(2)(vii) of income tax, is applicable to individual and HUF.
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