Court Rules Share Transfer Not a 'Reorganisation'; Focus Was Exit Strategy for Non-Resident Shareholders.

Court Rules Share Transfer Not a 'Reorganisation'; Focus Was Exit Strategy for Non-Resident Shareholders. https://www.taxtmi.com/highlights?id=27365 Capital gain arising on transfer of shares - the attempt of the assessee to bring the transferring of shares within the ambit of the term “reorganisation” may not be correct, since the object of the arrangement was not financial restructuring, but to provide an exit route to the non-resident shareholders. - AT en-us Wed, 17 Feb 2016 17:21:59 +0530 Wed, 17 Feb 2016 17:21:59 +0530 TaxTMI RSS Generator Court Rules Share Transfer Not a 'Reorganisation'; Focus Was Exit Strategy for Non-Resident Shareholders. https://www.taxtmi.com/highlights?id=27365 Capital gain arising on transfer of shares - the attempt of the assessee to bring the transferring of shares within the ambit of the term “reorganisation” may not be correct, since the object of the arrangement was not financial restructuring, but to provide an exit route to the non-resident shareholders. - AT Highlights Income Tax Wed, 17 Feb 2016 17:21:59 +0530 https://www.taxtmi.com/highlights?id=27365