Issue of Bonus Shares to equity shareholders is not treated as Deemed Dividend S.2(22)(e) of the Income Tax Act. Can some one refer case laws favouring this?
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Taxability of issue of bonus shares to equity shareholders
Replies (1)
Sudhir Menon HUF v. ACIT [2014]
162 TTJ 425 (Mumbai - Trib.)
162 TTJ 425 (Mumbai - Trib.)
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