https://www.taxtmi.com/caselaws?id=195108 The HC allowed the writ petition, ruling that the transfer of shares by shareholders to a stranger does not equate to the transfer of the company's assets, as the company is a separate legal entity owning its assets. The court quashed the demand for transfer fees related to the leasehold interest due to a change in shareholding. Additionally, the court held that the petitioner's application for change of land use should be assessed based on the 2005 notification, not the 2007 notification, as it was the relevant regulation at the time of submission. The demand for fees based on the 2007 notification was quashed. en-us Fri, 05 Oct 2012 00:00:00 +0530 Sat, 18 Nov 2023 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195108 The HC allowed the writ petition, ruling that the transfer of shares by shareholders to a stranger does not equate to the transfer of the company's assets, as the company is a separate legal entity owning its assets. The court quashed the demand for transfer fees related to the leasehold interest due to a change in shareholding. Additionally, the court held that the petitioner's application for change of land use should be assessed based on the 2005 notification, not the 2007 notification, as it was the relevant regulation at the time of submission. The demand for fees based on the 2007 notification was quashed. Case-Laws Indian Laws Fri, 05 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195108