Additions u/s 56(2)(viib) - issuance of shares less than fair ...

Section 56(2)(viib) Income Tax Act: No tax on shares issued at face value; applies only to residents.

September 9, 2019

Case Laws Income Tax AT

Additions u/s 56(2)(viib) - issuance of shares less than fair market value - the shares have been subscribed at face value and there is no premium whatsoever - further, those provisions are applicable only for receipt of consideration for issue of shares from a resident and not in the case of a non-resident - AT

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Additions u/s 56(2)(viib) - issuance of shares less than fair ...

Section 56(2)(viib) Income Tax Act: No tax on shares issued at face value; applies only to residents.

September 9, 2019

Case Laws Income Tax AT

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