https://www.taxtmi.com/news?id=3188 The press release states that the International Taxation Directorate, Mumbai, issued notices to HEL seeking transaction documents and, after receiving incomplete responses, notified parties that substantial gains from the sale were chargeable to capital gains tax in India, advising that the parties could approach the Assessing Officer to determine withholding obligations and exact tax liability before completing the transaction; it also distinguishes unrelated Chandigarh correspondence and confirms the Mumbai communications were conveyed to both seller and purchaser and are part of court records. en-us Wed, 02 May 2012 18:21:39 +0530 Wed, 02 May 2012 18:21:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3188 The press release states that the International Taxation Directorate, Mumbai, issued notices to HEL seeking transaction documents and, after receiving incomplete responses, notified parties that substantial gains from the sale were chargeable to capital gains tax in India, advising that the parties could approach the Assessing Officer to determine withholding obligations and exact tax liability before completing the transaction; it also distinguishes unrelated Chandigarh correspondence and confirms the Mumbai communications were conveyed to both seller and purchaser and are part of court records. News - Wed, 02 May 2012 18:21:39 +0530 https://www.taxtmi.com/news?id=3188