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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Income from Other Sources - Bonus shares can never be considered ...


Bonus Shares Exempt from Section 56(2)(vii)(c) of Income Tax Act: Not Considered Received Without Adequate Consideration.

May 6, 2016

Case Laws     Income Tax     AT

Income from Other Sources - Bonus shares can never be considered as received without consideration or for inadequate consideration calling for application of subclause (c) of clause (vii) of Section 56(2) of the Act - AT

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