https://www.taxtmi.com/caselaws?id=191114 Purchase of shares at below market value was examined for taxability under section 69 and as a benefit or perquisite under section 28(iv). On the facts found, the assessee had only made an investment subject to a lock-in period and did not receive any taxable business benefit from the sellers. The Court found no substantial question of law arising from that factual determination, and the addition was therefore not sustainable. en-us Mon, 20 Oct 2008 00:00:00 +0530 Tue, 21 Mar 2017 13:23:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191114 Purchase of shares at below market value was examined for taxability under section 69 and as a benefit or perquisite under section 28(iv). On the facts found, the assessee had only made an investment subject to a lock-in period and did not receive any taxable business benefit from the sellers. The Court found no substantial question of law arising from that factual determination, and the addition was therefore not sustainable. Case-Laws Income Tax Mon, 20 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191114