I read article "Controversies" in Ahmedabad Chartered Accountant's Journal . It was by Mr K D Shah CA.
He has mentioned one judgment of Kruti Marketing Ltd v. Asstt CIT (2001) 118 Taxman 194 (Ahmd) where it is held that, the allotment of shares in IPO is not to be considered as purchase. The citation mentioned is wrong. I have been trying to contact Mr K D Shah to get the correct the judgment, but not able to speak to him.
Any one help me with correct citation of this judgment or rather similar judgment ?
Please help.
Thanks
He has mentioned one judgment of Kruti Marketing Ltd v. Asstt CIT (2001) 118 Taxman 194 (Ahmd) where it is held that, the allotment of shares in IPO is not to be considered as purchase. The citation mentioned is wrong. I have been trying to contact Mr K D Shah to get the correct the judgment, but not able to speak to him.
Any one help me with correct citation of this judgment or rather similar judgment ?
Please help.
Thanks