Andhra Pradesh H.C : Where shares were allotted at concessional rate, no income would accrue or arise until expiry of lock in period

High Court Of Andhra Pradesh CIT Vs. K.N.B. Investments (P.) Ltd. Section : 5 Assessment Year : 1995-96 L. Narasimha Reddy And Challa Kodanda Ram, JJ. I.T.T.A. Nos. 80 Of 2000 And 14 Of 2001 June 18, 2014 JUDGMENT L. Narasimha Reddy, J. – These two appeals under section 260A of the Income-tax Act, 1961…

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