https://www.taxtmi.com/caselaws?id=464744 Madras HC dismissed the Revenue's appeal and upheld the Tribunal's finding that Section 56(2)(viia) does not apply to bonus shares distributed to the assessee. The court found the issue settled by earlier Supreme Court and High Court decisions relied on by the Tribunal and held no fresh question of law arose warranting interference. Consequently, the Tribunal's order was affirmed and the appeal was dismissed. en-us Mon, 04 Nov 2024 00:00:00 +0530 Wed, 12 Nov 2025 13:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464744 Madras HC dismissed the Revenue's appeal and upheld the Tribunal's finding that Section 56(2)(viia) does not apply to bonus shares distributed to the assessee. The court found the issue settled by earlier Supreme Court and High Court decisions relied on by the Tribunal and held no fresh question of law arose warranting interference. Consequently, the Tribunal's order was affirmed and the appeal was dismissed. Case-Laws Income Tax Mon, 04 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464744