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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

LTCG – Assessee contended that since all the MOU were cancelled ...

Case Laws     Income Tax

December 20, 2013

LTCG – Assessee contended that since all the MOU were cancelled and the sale consideration kept in the Escrow account had been appropriated by DRDL, therefore no transfer can be said to have taken place - There was an extinguishment of assessee's rights over the shares - additions confirmed - AT

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