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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

If any amount is required to be payable to the Income-tax ...

Income Tax

September 5, 2012

If any amount is required to be payable to the Income-tax Department by the transferor company, the Income-tax Department can be said to be a creditor so far as its claim against the transferor company is concerned. Considering the same, it cannot be said that the Income-tax Department has no locus to put forward its objections in this behalf. - HC

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