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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Nature of receipt of Rs. 108 crores from Gillette USA for ...


Gillette USA's Rs. 108 Crore Debt Repayment Deemed Capital Receipt, Influencing Tax Implications of Share Sale to Newell.

September 21, 2013

Case Laws     Income Tax     AT

Nature of receipt of Rs. 108 crores from Gillette USA for repayment of its debts pursuant to sales of its entire shareholding in the assessee-company to Newell - Capital receipt or revenue receipt - major portion held as capital in nature - AT

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