Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1996 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1996 (2) TMI 98 - HC - Income TaxExtract: .......espect of allotment of debentures in favour of the assessee ? Accordingly, we answer the abovesaid question No. 1 in the negative and against the Department. Even if there is transfer that would be exempted under section 47(vii). Accordingly, we answer question No. 2 in the affirmative and against the Department. There will be no order as to costs.
|