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Income Tax - Highlights / Catch Notes

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Benefit / perquisit u/s 2(24)(vd) r.w. section 28(iv) – ...


High Court Rules Share Allotment at Concessional Rates Not a Benefit Under Income Tax Act Sections 2(24)(vd), 28(iv).

October 11, 2014

Case Laws     Income Tax     HC

Benefit / perquisit u/s 2(24)(vd) r.w. section 28(iv) – Difference in value of shares alloted at concessional rate – Tribunal was rightly was of the view that as long as the bar operated, the question of any benefit in the form of differential price, accruing to the respondents, does not arise - HC

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