https://www.taxtmi.com/caselaws?id=246043 The court ruled in favor of the petitioner, granting a stay on the recovery of the disputed tax amount subject to specific conditions. The court emphasized the need to consider the true nature of the transaction and highlighted the importance of examining the substance over the form of the transfer of shares. The decision provided relief to the petitioner pending the appeal, taking into account the potential irreparable harm that the petitioner could suffer if the recovery was not stayed. en-us Tue, 25 Mar 2014 00:00:00 +0530 Fri, 08 May 2015 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246043 The court ruled in favor of the petitioner, granting a stay on the recovery of the disputed tax amount subject to specific conditions. The court emphasized the need to consider the true nature of the transaction and highlighted the importance of examining the substance over the form of the transfer of shares. The decision provided relief to the petitioner pending the appeal, taking into account the potential irreparable harm that the petitioner could suffer if the recovery was not stayed. Case-Laws Income Tax Tue, 25 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246043