https://www.taxtmi.com/highlights?id=28014 Addition u/s 56(2)(viia) - deemed gift - Since the transaction of sale and purchase of shares is between related parties and both the companies are companies in which the public are not substantially interested, AO was justified in examining the applicability of the provisions of section 56(2)(viia) to the transaction of transfer of shares. - AT en-us Thu, 17 Mar 2016 16:05:49 +0530 Thu, 17 Mar 2016 16:05:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=28014 Addition u/s 56(2)(viia) - deemed gift - Since the transaction of sale and purchase of shares is between related parties and both the companies are companies in which the public are not substantially interested, AO was justified in examining the applicability of the provisions of section 56(2)(viia) to the transaction of transfer of shares. - AT Highlights Income Tax Thu, 17 Mar 2016 16:05:49 +0530 https://www.taxtmi.com/highlights?id=28014