TMI BlogReopening of assessment u/s 147 - transfer of shares as gift - While initially contention of the...Reopening of assessment u/s 147 - transfer of shares as gift - While initially contention of the petitioner that such transfer of shares was a gift without consideration was accepted, subsequently the above view was revised to treat the transfer of shares not as a gift and to tax the said transaction on the market value of the shares; this is nothing but change of opinion - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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