https://www.taxtmi.com/caselaws?id=213348 The High Court upheld the Tribunal's decisions on all issues, dismissing the Revenue's challenges and ruling in favor of the assessee. The court affirmed that there was no remission of liability for outstanding brokerage payable, allowed indexation benefit on redemption of preference shares, considered the redemption of non-cumulative preference shares as a 'transfer' under the Income Tax Act, and granted indexation benefit on such redemptions. en-us Fri, 27 Apr 2012 00:00:00 +0530 Wed, 11 Jul 2012 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213348 The High Court upheld the Tribunal's decisions on all issues, dismissing the Revenue's challenges and ruling in favor of the assessee. The court affirmed that there was no remission of liability for outstanding brokerage payable, allowed indexation benefit on redemption of preference shares, considered the redemption of non-cumulative preference shares as a 'transfer' under the Income Tax Act, and granted indexation benefit on such redemptions. Case-Laws Income Tax Fri, 27 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213348