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HomeDirect TaxWhether Issuance of Bonus Shares Is Taxable Income? Supreme Court to Examine 

Whether Issuance of Bonus Shares Is Taxable Income? Supreme Court to Examine 

Direct Tax

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By Mariya Paliwala
Whether Issuance of Bonus Shares Is Taxable Income? Supreme Court to Examine

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The Supreme Court has agreed to hear a significant tax issue that could have wide implications for companies and shareholders nationwide—whether the issuance of bonus shares amounts to taxable income. The bench of Justice J.B. Pardiwala and Justice K.V. Viswanathan granted leave to appeal in the case filed by the Income Tax Department against the…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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