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2011 (3) TMI 1439 - HC - Income TaxTDS u/s 195 - Indirect acquisition of 51% shares in Sesa Goa Ltd. without deduction of tax at source - held that:- What is under challenge is only the show cause notice issued as per section 195 of the Act. It is for the petitioner to urge all contentions before the respondent authority pursuant to such show cause notice issued to contend that the purchase of 51% shares does not amount to transfer of capital asset. Though the petitioner contends that the agreement entered into is produced, that itself is not sufficient to know as to the nature of transaction between Finsider International Company Ltd. and Sesa Goa Ltd. which is an Indian Company. - Petitioner to appear before the respondent authority.
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