Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1978 (6) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1978 (6) TMI 7 - BOMBAY HIGH COURTExtract: .......ares or a conferment of an option on the part of the assessee to buy back the shares. Thus, it is quite evident that the Tribunal was right in taking the view that the provisions of s. 44E were not attracted. Accordingly, our answer to the question referred is in the negative and against the revenue. The revenue shall pay the costs of the assessee.
|