Reclassification of existing CCPS to share premium without fresh money receipt does not trigger Section 56(2)(viib).
Reclassification of existing CCPS to share premium without fresh money receipt does not trigger Section 56(2)(viib). Reclassification of existing CCPS to share premium without fresh money receipt does not trigger Section 56(2)(viib). Issue Whether Section 56(2)(viib) can be invoked on accounting reclassifications of CCPS to share premium without fresh money receipt, and whether the Assessing… Read More »