https://www.taxtmi.com/highlights?id=31473 Transfer of shares for Failure to comply with the conditions of contract - If the transfer was conditional and if the Assessee fails to comply with conditions and therefore, the shares could not be transferred in his name, then, applicability of Section 28(iv) of the Income Tax Act, 1961 is ruled out. - SC dismissed the SLP en-us Wed, 28 Sep 2016 09:06:44 +0530 Wed, 28 Sep 2016 09:04:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=31473 Transfer of shares for Failure to comply with the conditions of contract - If the transfer was conditional and if the Assessee fails to comply with conditions and therefore, the shares could not be transferred in his name, then, applicability of Section 28(iv) of the Income Tax Act, 1961 is ruled out. - SC dismissed the SLP Highlights Income Tax Wed, 28 Sep 2016 09:06:44 +0530 https://www.taxtmi.com/highlights?id=31473