Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2008 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (4) TMI 241 - KERALA HIGH COURTAcquisition of property - payment of consideration in the form of allotment of fully paid shares - scheme of amalgamation involved transfer of shares to the shareholders of foreign company from which the property was transferred to assessee under the scheme - assessee will not be entitled to contend that the acquisition of land by them did not involve any cost to them – remand the matter to the AO for fresh consideration after verifying the terms of amalgamation approved by the HC
|