Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1972 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1972 (4) TMI 12 - HC - Income TaxTransfer of shares to sons for a price lower than the market value - on the specific findings given by the Tribunal that the object of the transfer was not with a view to avoid or reduce the assessee's liability to pay tax on the capital gains under section 45, the conclusion of the Tribunal that section 52 will not be attracted appears to be inescapable – we uphold the view of the Tribunal and answer the reference against the revenue
|