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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Nature of payment of ₹ 6.60 crores – abusive tax ...


High Court Rules Rs. 6.60 Crores as Abusive Tax Avoidance; Amount Taxed as Sale Consideration for CDBL Shares.

December 24, 2014

Case Laws     Income Tax     HC

Nature of payment of ₹ 6.60 crores – abusive tax avoidance - entire amount would be taxed in the hands of the assessee, and would be treated as part of the sale consideration received on transfer of the shares in CDBL, held by him - HC

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