Web27 Dec 2024 · The Tribunal also held that in the current facts (and as in the facts of Sudhir Menon HUF case) the Taxpayer's shareholding was in fact reduced after the issue of additional shares (from 34.57% to 33.30%) as he only partially accepted the offer given to him, section 56(2)(vii) of the IT Act should not be invoked. WebSudhir Menon (HUF) where it was held that in the case of bonus shares, there is neither any increase nor decrease in the wealth of the shareholder, and therefore, the provisions of …

Analysis of two important decisions – January to March 2014 By …

Web26 Mar 2024 · The ruling in Sudhir Menon HUF squarely applies to the issue at hand and hence should be ruled in favour of the Taxpayer. In Sudhir Menon HUF, it was observed that ‘disproportionate allotment’ (in which case section 56(2)(vii) (c) becomes applicable) means ‘higher than proportionate or non-uniform allotment’. In the present case since the WebIn the recent case of Sudhir Menon HUF. 1. Facts , the Mumbai Bench of Incometax - Appellate Tribunal (the Tribunal) held that the provisions of section 56(2)(vii)(c) of the … gtm materials

Allotment Of Shares To Existing Shareholder At Less Than

WebSudhir Menon HUF vs. ACIT – Mumbai ITAT – “A” Bench - ITA no. 4887/Mum/2013 dated 12-3-2014 for Assessment Year 2010-11. (www.itatonline.org). 1.1. The synopsis of the … WebIt is desirable to file a revision application with a condonation of delay. The Commissioner has the power to condone the delay. In case the delay is not condoned the assessee can … Web7 Dec 2024 · Subhodh Menon: Court: ITAT-Mumbai: Relevant Act: Income-tax: Date of Order: 07/12/2024 : Assessment Year: 2010-11: Judgment: View Judgment ... Ground taken in the case of Subhodh Menon reads as under:- 1.On the facts and in the circumstances of the case, and in law, the Learned CJT erred in deleting the addiion made u/s 56(2)(vii)(c) of … gtm marketing tactics