Issue of Shares at less than FMV- Section 56(2)(vii)

MOHIT JAIN , Last updated: 21 March 2014  
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Analysis of Mumbai Tribunal Judgement in Sudhir Menon HUF (ITA No. 4887/Mum/2013)- AY 2010-11- Section 56(2)(vii) Facts:- 1. Assessee was shareholder in a company and was allotted right shares (1,94,000) at face value of Rs. 100 each on 28.01.2010 2. The book value (FMV) of shar

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MOHIT JAIN
(EMPLOYMENT)
Category Income Tax   Report

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