New Rules and Regulations for Overseas Investment The Central Government (“CG”) has...
Read MoreConversion of Compulsory Convertible Debentures (CCDs) into Equity shares would fall within the purview of S. 56(2)(viib)
The Kolkata Income Tax Appellate Tribunal (“ITAT”) in their recent ruling 1 has ruled that the provisions of S. 56(2)(viib) would apply on conversion of CCDs
