2015 (4) TMI 1057

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..... ts tax liabilities by way of such transfer, both the CIT (A) and the Tribunal had rightly concluded that the AO was in error in invoking Explanation 3 to Section 43 for determining actual cost in the deal – Decided against revenue. Interest expenditure on unpaid purchase consideration disallowed – Held that:- HC order upheld [2014 (10) TMI 398 - GUJARAT HIGH COURT] - in view of introduction of .....

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