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Applicability of Right Shares Issuance on Face Value based on Renunciation by Family Members
M & A Critique
|November 2023
Case Law Sec.56(2)(vii) of the Income-tax Act, 1961 inapplicable to right-shares issued in proportion to own & relatives shareholding
-
Decision by: Hon'ble Gujarat High Court
Assessee: Jigar Jaswant Shah
Assessment Year: 2013-14
Brief Facts:
- o On renunciation of shares held by wife & father of assessee: 82,200 shares
Cette histoire est tirée de l'édition November 2023 de M & A Critique.
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