Assessee: Tata Sons LimitedDecision by: The Income Tax Appellate Tribunal, MumbaiAssessment Year: 2009-10Date of Order: 23.01.2024 Recently, the Mumbai bench of the Income Tax Appellate Tribunal in the case of Tata Sons...
Applicability of Right Shares Issuance on Face Value based on Renunciation by Family Members
Case Law Sec.56(2)(vii)(c) of the Income Tax Act, 1961 inapplicable to right-shares issued in proportion to own & relative’s shareholding Decision by: Hon’ble Gujarat High Court Assessee: Jigar Jaswant Shah...