Tribunal held that issue of shares at face value by amalgamated company to shareholders of amalgamating company in pursuance of scheme of amalgamation legally recognized in Court of Law does not fall within scope of section 56(2)(viib) of the Act (AY. 2013-14)
DCIT v. Ozone India Ltd. (2021) 189 ITD 476 / 211 TTJ 477/ 203 DTR 161 /( 2022) 94 ITR 609 (Ahd.)(Trib.)
S. 56 : Income from other sources-Share premium-Amalgamation-Issue of shares in pursuance of scheme of amalgamation legally recognized in Court of Law does not fall within scope of section 56(2)(viib) of the Act. [S. 56(2)(viib)]