https://www.taxtmi.com/caselaws?id=66174 Section 80CC was interpreted to extend beyond subscriptions in the public issue portion and to include shares acquired from a promoters' reserved quota, where the statutory conditions were otherwise met. The shares had been allotted under the promoters' quota pursuant to consent for the public issue, and the statutory wording was not read as restricting the deduction only to public subscriptions. On that construction, investment in such shares qualified for deduction under section 80CC. en-us Fri, 10 Jul 1987 00:00:00 +0530 Tue, 22 Feb 2011 10:00:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66174 Section 80CC was interpreted to extend beyond subscriptions in the public issue portion and to include shares acquired from a promoters' reserved quota, where the statutory conditions were otherwise met. The shares had been allotted under the promoters' quota pursuant to consent for the public issue, and the statutory wording was not read as restricting the deduction only to public subscriptions. On that construction, investment in such shares qualified for deduction under section 80CC. Case-Laws Income Tax Fri, 10 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66174