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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Purchase of unis of UTI - non registration of the units in the ...


Revenue Accepts UTI Purchase Without Name Registration; Section 94 Deemed Inapplicable for Claim Evaluation.

September 27, 2012

Case Laws     Income Tax     HC

Purchase of unis of UTI - non registration of the units in the actual holder's name. - If the Revenue had questioned the transaction as not legal, then Section 94 would not have come into play in considering the merits of the claim. - HC

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