Income Tax Act Sections 2(22)(e) and 56(2)(vi) applied to equity share transfer without company asset involvement. No corporate veil piercing.

Piercing the corporate veil - Application of section 2(22)(e) and 56(2)(vi) - only the equity shares of M/s. SKM Egg Products Export (India) Ltd., were transferred and not any assets held by the company were transferred, therefore the issue of piercing the corporate veil of this company will not arise - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X