Finance Bill 2024 – Key Proposals The finance minister Nirmala Sitharaman unveiled...
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
