https://www.taxtmi.com/circulars?id=4459 Where initial-issue equity shares meet the statutory conditions, the issuing company may apply to the Income-tax-cum-Wealth-tax Officer for a certificate declaring the value of such shares exempt in the hands of shareholders; the application must provide prescribed particulars and a declaration by the principal officer. The Officer issues a certificate in a prescribed form specifying the assessment years for which the exemption applies, and the company must furnish copies to shareholders for production to their assessing officers to claim the exemption. en-us Mon, 30 Jun 1969 00:00:00 +0530 Tue, 29 Jul 2008 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4459 Where initial-issue equity shares meet the statutory conditions, the issuing company may apply to the Income-tax-cum-Wealth-tax Officer for a certificate declaring the value of such shares exempt in the hands of shareholders; the application must provide prescribed particulars and a declaration by the principal officer. The Officer issues a certificate in a prescribed form specifying the assessment years for which the exemption applies, and the company must furnish copies to shareholders for production to their assessing officers to claim the exemption. Circulars Income Tax Mon, 30 Jun 1969 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4459