Bench: Sh. N. K. Choudhry & Sh. O. P. Meenai.T.A. No. 523/Asr/2017 Assessment Year: 2005-06
68 was inserted by Finance Act, 2012, w.e.f. 01.04.2013. Even according to clause (xvi) of section 2(24) of the Act, this consideration received for issue of shares as exceeds the fare market value of the shares referred to in clause (viib) of sub-section 2 of section 56