https://www.taxtmi.com/highlights?id=42287 Taxing the allotment of shares by VISA Inc. by invoking Section 28(iv) - bringing notional share price to tax - the word used in Section 28(iv) of the Act are ‘arisen from business’ where ‘arisen’ signifies that benefit itself must have arisen. It was held that mere issuance of shares does not result in any benefit. en-us Fri, 26 Oct 2018 06:23:21 +0530 Fri, 26 Oct 2018 06:23:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=42287 Taxing the allotment of shares by VISA Inc. by invoking Section 28(iv) - bringing notional share price to tax - the word used in Section 28(iv) of the Act are ‘arisen from business’ where ‘arisen’ signifies that benefit itself must have arisen. It was held that mere issuance of shares does not result in any benefit. Highlights Income Tax Fri, 26 Oct 2018 06:23:21 +0530 https://www.taxtmi.com/highlights?id=42287