https://www.taxtmi.com/highlights?id=51191 Tax avoidance, Tax evasion or Tax planning - when there are material evidences to substantiate that the shares were issued to foreign investors, and the conversion of the share was in accordance with the terms of issue of the preference shares appropriately justified with the fair valuation, there is no case treating such an issue/conversion as a means of tax avoidance. en-us Mon, 13 Jan 2020 07:51:08 +0530 Mon, 13 Jan 2020 07:51:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51191 Tax avoidance, Tax evasion or Tax planning - when there are material evidences to substantiate that the shares were issued to foreign investors, and the conversion of the share was in accordance with the terms of issue of the preference shares appropriately justified with the fair valuation, there is no case treating such an issue/conversion as a means of tax avoidance. Highlights Income Tax Mon, 13 Jan 2020 07:51:08 +0530 https://www.taxtmi.com/highlights?id=51191