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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

Transfer of capital asset - Whether the taking over of the ...


Secured Lenders Taking Control of Assets Isn't a Transfer of Ownership from Borrower in Default.

October 18, 2014

Case Laws     Income Tax     AT

Transfer of capital asset - Whether the taking over of the possession and control over of the assets of the assessee by the secured lender(s) tantamount to transfer of assets from the borrower in default to the secured lenders - Held NO - AT

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