"Whether the following will be included in Income from Other Sources u/s 56(2)(vii) ?
1) Receipt of shares at face value (below book value) by ind. or HUF from a closely held company.
2) Bonus Shares or Right Shares(below book value) recd. from a closely held company
3) Bonus Shares or Right Shares(below market value) recd. from a listed company.
4) Fresh issue of shares by a closely held company at face value (below book value)to its existing shareholders "
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