https://www.taxtmi.com/highlights?id=61502 Revision u/s 263 by CIT- Taxability of shares received by way of Gift - The order of ld AO is not erroneous as Gift of shares of the Wockhardt Limited are not chargeable to tax in the hands of the assessee firm u/s 56 (2) (viia) of the Act , as assessee has received gift of shares of a company in which public are substantially interested which could not have been taxed under section 56(2)(viia) of the Act, - AT en-us Tue, 18 Jan 2022 12:16:42 +0530 Tue, 18 Jan 2022 12:16:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61502 Revision u/s 263 by CIT- Taxability of shares received by way of Gift - The order of ld AO is not erroneous as Gift of shares of the Wockhardt Limited are not chargeable to tax in the hands of the assessee firm u/s 56 (2) (viia) of the Act , as assessee has received gift of shares of a company in which public are substantially interested which could not have been taxed under section 56(2)(viia) of the Act, - AT Highlights Income Tax Tue, 18 Jan 2022 12:16:42 +0530 https://www.taxtmi.com/highlights?id=61502