https://www.taxtmi.com/news?id=21521 The Board withdrew and treated as never issued its earlier circular that had excluded fresh issuance of shares from the anti abuse rule section 56(2)(viia), and later clarified that excluding fresh issuances would be incorrect and open to abuse. Any contrary administrative view is not to be relied upon. The Board is identifying remedial measures for a case where the withdrawn circular was applied during assessment. en-us Mon, 01 Jul 2019 18:52:47 +0530 Mon, 01 Jul 2019 18:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21521 The Board withdrew and treated as never issued its earlier circular that had excluded fresh issuance of shares from the anti abuse rule section 56(2)(viia), and later clarified that excluding fresh issuances would be incorrect and open to abuse. Any contrary administrative view is not to be relied upon. The Board is identifying remedial measures for a case where the withdrawn circular was applied during assessment. News - Mon, 01 Jul 2019 18:52:47 +0530 https://www.taxtmi.com/news?id=21521