Home / 
Declaration as to shares held in trust Whether expression “trust money invested in shares or debentures of company”, occurring in sub section (4), as it stood before the Amendment Act, 1965, also covers shares obtained as gift or on allotment of bonus shares
X X X X Extracts X X X X
X X X X Extracts X X X X
....1964. Subject:- Declaration as to shares held in trust ‑ Whether expression "trust money invested in shares or debentures of company", occurring in sub‑section (4), as it stood before the Amendment Act, 1965, also covers shares obtained as gift or on allotment of bonus shares The expression "trust money invested in shares or debentures of a company" appearing in section 153B(4) does ....
TaxTMI
TaxTMI