Indian Court Rules: Capital Gains Tax Must Reflect Actual Gains, Not Hypothetical Values, in Foreign Company Amalgamation Case.

Indian Court Rules: Capital Gains Tax Must Reflect Actual Gains, Not Hypothetical Values, in Foreign Company Amalgamation Case. https://www.taxtmi.com/highlights?id=31057 Taxability as a result of amalgamation - A foreign company has a branch in India holding shares in India company - The Revenue has given a strange method of working out capital gains which is completely on notional basis and is based on presumptions. Capital gains have to be calculated on real gains and not on the basis of some notional values. - AAR en-us Mon, 05 Sep 2016 12:24:16 +0530 Mon, 05 Sep 2016 12:24:16 +0530 TaxTMI RSS Generator Indian Court Rules: Capital Gains Tax Must Reflect Actual Gains, Not Hypothetical Values, in Foreign Company Amalgamation Case. https://www.taxtmi.com/highlights?id=31057 Taxability as a result of amalgamation - A foreign company has a branch in India holding shares in India company - The Revenue has given a strange method of working out capital gains which is completely on notional basis and is based on presumptions. Capital gains have to be calculated on real gains and not on the basis of some notional values. - AAR Highlights Income Tax Mon, 05 Sep 2016 12:24:16 +0530 https://www.taxtmi.com/highlights?id=31057