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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