Addition u/s.56(2)(vii)(c) - income from transaction of shares - ...

Share Transaction Pre-October 2009 Exempt from Section 56(2)(vii) Rules; Contract Completed Before Effective Date.

December 19, 2018

Case Laws Income Tax AT

Addition u/s.56(2)(vii)(c) - income from transaction of shares - the offer made by the company was accepted by the shareholders before 1st October, 2009 hence, the contract between the company and the shareholder for issue by the company of shares was completed before 1st October, 2009 - The provisions of section 56(2)(vii) are applicable only from 1st October, 2009.

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Addition u/s.56(2)(vii)(c) - income from transaction of shares - ...

Share Transaction Pre-October 2009 Exempt from Section 56(2)(vii) Rules; Contract Completed Before Effective Date.

December 19, 2018

Case Laws Income Tax AT

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