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Income Tax | FCCDs Are Not Shares Until Conversion: Bangalore ITAT Deletes ₹3.88-Crore Addition u/s 56(2)(viib)

2 Sept 2026 · 2 Sept 2026By CA Vijayakumar Shetty

ITAT Bangalore holds FCCDs issued for future conversion outside Section 56(2)(viib), deleting the ₹3.88 crore addition. The post FCCDs Are Not Shares Until Conversion: Bangalore ITAT Deletes ₹3.88-Crore Addition u/s 56(2)(viib) appeared first on TaxGuru .

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Income Tax | FCCDs Are Not Shares Until Conversion: Bangalore ITAT Deletes ₹3.88-Crore Addition u/s 56(2)(viib)

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