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Income Tax - Highlights / Catch Notes

Home Highlights July 2017 Year 2017 This

The assets transferred being the shares, which was never part of ...

Case Laws     Income Tax

July 10, 2017

The assets transferred being the shares, which was never part of assessment of Stamp Duty Authority of the State Government. In such circumstances that cannot be no question of invoking the provisions of the section 50C of the Act as there is no direct transfer as enumerated in Sec.50C of the Act r.w.s 2(47) of the Act.

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