Transfer of trading assets at cost price, the profit component ...

Court Rules Profit from Asset Transfer Belongs to Company, Not Directors; AO's Additions Upheld.

September 22, 2017

Case Laws Income Tax HC

Transfer of trading assets at cost price, the profit component also stood transferred to the outgoing Directors, which otherwise belonged to the Company - the fact that AO has made the addition in the hands of the Directors would not make any difference - additions confirmed - HC

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Transfer of trading assets at cost price, the profit component ...

Court Rules Profit from Asset Transfer Belongs to Company, Not Directors; AO's Additions Upheld.

September 22, 2017

Case Laws Income Tax HC

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