12 August 2024


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SC Explains When Shares Received After Company Amalgamation are Taxable as Business Income - 12.01.2026

Supreme Court has held that shares obtained through a corporate amalgamation are taxable as business income under Section 28 of the Income Tax Act at the time of receipt, provided they constitute a real and commercially realizable benefit to the assessee.

Tags : Shares Amalgamation Business Income

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