Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1992 (8) TMI 16 - HC - Income Tax
Extract:
.......nd import of the transactions is that the assessee took over the liability of the aforesaid non-financial companies to GB and Co. in exchange for the shares as aforesaid. In the premises, we answer all the questions, in the affirmative and in favour of the assessee and against the Revenue. There will be no order as to costs. K. M. YUSUF J.-I agree.