https://www.taxtmi.com/forum/issue?id=117012 Assessment treats unpaid-acquisition of shares by a director at fair market value as a taxable receipt under the provision addressing transfer/receipt of property without consideration; the taxpayer argues payment was deferred, shares have been returned by lok adalat, and restoration proceedings before the company law tribunal are pending, challenging the characterization and timing of the tax assessment and the validity of reassessment proceedings. en-us Tue, 16 Feb 2021 20:23:47 +0530 Thu, 23 Jan 2025 15:54:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117012 Assessment treats unpaid-acquisition of shares by a director at fair market value as a taxable receipt under the provision addressing transfer/receipt of property without consideration; the taxpayer argues payment was deferred, shares have been returned by lok adalat, and restoration proceedings before the company law tribunal are pending, challenging the characterization and timing of the tax assessment and the validity of reassessment proceedings. Discussion-Forum Income Tax Tue, 16 Feb 2021 20:23:47 +0530 https://www.taxtmi.com/forum/issue?id=117012