Issue of Share Capital through QIP with Qualified Institutional Buyers are Public Subscription: ITAT directs Re-adjudication [Read Order]

The Income Tax Appellate Tribunal (ITAT) Delhi Bench held that the issue of share capital through qualified institutional placement (QIP) with Qualified Institutional buyers is public subscription. Therefore the bench directs readjudication. The assessee, Yes Bank Ltd return was revised and declared total income of Rs 22,75,02,02,660/- Thereafter assessee case was selected for scrutiny. Finally…