2017 (6) TMI 1335

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..... r Tribunal was right in holding that the sale proceeds arising from the sale of bonus shares of TCS were required to be converted into asset/investment permissible under Section 11(5) and hence, clause (iia) of the proviso to section 13(1)(d) would not apply ? - Income Tax Appeal No. 1430 Of 2014 - - - Dated:- 21-6-2017 - S.V. Gangapurwala And G.S. Kulkarni, JJ. Mr.Percy Pardiwalla, Sr.C .....

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..... r on the facts, relevant law and in the circumstances of the case, the Tribunal was right in holding that the shares of TCS received in the year 2001 02 were held in breach of section 13(1)(d) of the Act. (iii) Whether on the facts, relevant law and in the circumstances of the case, the Tribunal was right in holding that the sale proceeds arising from the sale of .....

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