Section 56(2) of Income Tax Act: Allotment of Shares Below FMV Exempt if No Change in Shareholding Pattern.

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....Addition u/s 56(2) - Allotment of shares - price less than the FMV - Merely by converting the share application money by allotting shares at a subsequent date cannot attract the provisions of section 56(2)(viia) as there is no change in the shareholding pattern subsequent to the allotment of shares by the subsidiary company. - AT....