Deduction u/s. 35D - Addition on the assumption that the shares ...

Section 35D Deduction Upheld: Shares Allotted to Qualified Institutional Buyers Considered "Public" for Tax Purposes.

August 6, 2020

Case Laws Income Tax AT

Deduction u/s. 35D - Addition on the assumption that the shares may have been allotted only to selected Qualified Institutional Buyers ("QIBs") - QIBs, not being promoters, promoter group, subsidiaries and associates of the company would qualify as "public". - a section of public qualifies as public - Deductions allowed - AT

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Deduction u/s. 35D - Addition on the assumption that the shares ...

Section 35D Deduction Upheld: Shares Allotted to Qualified Institutional Buyers Considered "Public" for Tax Purposes.

August 6, 2020

Case Laws Income Tax AT

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