https://www.taxtmi.com/caselaws?id=341332 The Supreme Court held that a payment of Rs. 42.45 lakhs between a subsidiary and holding company did not incur capital gains tax liability for the holding company as no payment was made to the shareholders of Group B. The Court emphasized that pursuing both gift tax and income tax on the same transaction was inappropriate. The Court dismissed the Civil Appeal, affirming that the payment did not trigger capital gains tax for the holding company. en-us Tue, 28 Mar 2017 00:00:00 +0530 Sat, 13 May 2017 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341332 The Supreme Court held that a payment of Rs. 42.45 lakhs between a subsidiary and holding company did not incur capital gains tax liability for the holding company as no payment was made to the shareholders of Group B. The Court emphasized that pursuing both gift tax and income tax on the same transaction was inappropriate. The Court dismissed the Civil Appeal, affirming that the payment did not trigger capital gains tax for the holding company. Case-Laws Income Tax Tue, 28 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341332