https://www.taxtmi.com/forum/issue?id=121056 A bona fide proportionate rights issue to existing shareholders, even at a price below prescribed fair market value, is presented as generally outside Section 92 where no real economic accretion arises. The shareholder's proportionate interest remains substantially unchanged, and the apparent benefit in newly allotted shares is offset by dilution in the existing holding. This position does not automatically extend to disproportionate allotments, subscriptions following renunciation or non-exercise of rights, or arrangements transferring economic value to selected shareholders. en-us Mon, 03 Aug 2026 18:16:09 +0530 Tue, 04 Aug 2026 10:56:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=121056 A bona fide proportionate rights issue to existing shareholders, even at a price below prescribed fair market value, is presented as generally outside Section 92 where no real economic accretion arises. The shareholder's proportionate interest remains substantially unchanged, and the apparent benefit in newly allotted shares is offset by dilution in the existing holding. This position does not automatically extend to disproportionate allotments, subscriptions following renunciation or non-exercise of rights, or arrangements transferring economic value to selected shareholders. Discussion-Forum Income Tax Mon, 03 Aug 2026 18:16:09 +0530 https://www.taxtmi.com/forum/issue?id=121056