https://www.taxtmi.com/forum/issue?id=116017 Applicability of Section 56(2)(x) to shares received under a rights issue where the issue price is below the contemporaneous fair market value: whether the shortfall between issue price and fair market value of unquoted shares constitutes a taxable benefit under the provision when shares are allotted on preferential terms. en-us Fri, 14 Feb 2020 14:41:39 +0530 Thu, 23 Jan 2025 15:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116017 Applicability of Section 56(2)(x) to shares received under a rights issue where the issue price is below the contemporaneous fair market value: whether the shortfall between issue price and fair market value of unquoted shares constitutes a taxable benefit under the provision when shares are allotted on preferential terms. Discussion-Forum Income Tax Fri, 14 Feb 2020 14:41:39 +0530 https://www.taxtmi.com/forum/issue?id=116017