S. 56(2)(vii) does not apply to bonus & rights shares offered
Sudhir Menon HUF vs. ACIT (ITAT Mumbai)
March 17th, 2014
S. 56(2)(vii) does not apply to bonus & rights shares offered on a proportionate basis even if the offer price is less than the FMV of the shares
No comments:
Post a Comment
What do you think about this? Please write your comment.