INCOME TAX : Where assessee was an existing shareholder of a company and during relevant year he was allotted further shares at lower price than FMV, difference in FMV of shares and consideration paid by assessee would be squarely covered by exemption clause provided under section 56(2)(vii)INCOME TAX : Where assessee was an existing shareholder of a company and during relevant year he was allotted further shares at lower price than FMV, difference in FMV of shares and consideration paid by assessee would be squarely covered by exemption clause provided under section 56(2)(vii)www.taxmann.com Latest Case LawsRead More
