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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Exemption u/s 10(23G) of the Act – benefit cannot be denied to ...


Investors Retain Tax Exemption Despite Investee Company's Merger u/s 10(23G) of Income Tax Act.

February 21, 2014

Case Laws     Income Tax     AT

Exemption u/s 10(23G) of the Act – benefit cannot be denied to the assessee/investor merely on the ground that the investee company has amalgamated/merged with another company, the process in which the assessee/investor has no role to play - AT

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