SILLS KARINGATTIL JOSE,NEDUMKANDOM vs. ITO WARD 2, THODUPUZHA
Appeal is partly allowed for statistical purpose
ITA 132/COCH/2023[2016-17]Status: DisposedITAT Cochin19 Nov 2024AY 2016-17
Bench: Shri Satbeer Singh Godara & Shri Amarjit Singhsils Karingattil Jose Income Tax Officer Np 3/406, Karingattil Ward - 2, House, Munnar Road Thodupuzha Vs. Nedumkandom P.O. [Pan: Afopj8789C] (Appellant) (Respondent)
For Appellant: Shri P. M. Veeramani, CAFor Respondent: Smt. V. Swarnalatha, Sr. D.R
Section 2(47)Section 2(47)(V)Section 250Section 50CSection 53ASection 56(2)(vii)
92
ITR
(Trib)
332
(Mumbai);
[2022]
136
taxmann.com 42 (Mumbai).
#*#[2022] 139 taxmann.com 286 (Jaipur).
Page No : 0641
case is that of creation, whereas, the second is that of "transfer" entitled to the right in action.
18. In view of the above, the provisions of section 56(2) would not be applicable to the issue of new shares which
