https://www.taxtmi.com/caselaws?id=781286 SC condoned the delay and granted leave, allowing appeal on the question whether Section 56(2)(viia) applies to bonus shares. The Tribunal had held that the provision does not apply to bonus shares and HC affirmed that view; SC proceeded on that basis, addressing the legal issue without reinstating any different tax liability. The appeal was admitted for consideration after condonation of delay. en-us Tue, 04 Nov 2025 00:00:00 +0530 Thu, 13 Nov 2025 08:14:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781286 SC condoned the delay and granted leave, allowing appeal on the question whether Section 56(2)(viia) applies to bonus shares. The Tribunal had held that the provision does not apply to bonus shares and HC affirmed that view; SC proceeded on that basis, addressing the legal issue without reinstating any different tax liability. The appeal was admitted for consideration after condonation of delay. Case-Laws Income Tax Tue, 04 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781286