Can Bonus shares issued by a company to its shareholders be taxed as income from other sources as they are received without consideration?
Progressive as well as futuristic scheme of re-assessment whose intent is laudatory has in its implementation not only been rendered nugatory but has also had an unintended opposite result: Delhi High Court
High Court directed for initiation of appropriate proceeding against the Revenue official for abuse of power in issuing order U/s 148A(d)