https://www.taxtmi.com/caselaws?id=13772 The Supreme Court ruled in favor of the petitioner in a case challenging the discounting of apparent consideration and retention of transfer fee amount by the respondents. The court held that the discounted value should be calculated from the agreement date, rendering the previous view obsolete. It was determined that unascertained amounts like transfer fees could not be deducted from consideration. The court directed the respondents to refund the transfer fee amount to the petitioner with interest within eight weeks, with no order as to costs. en-us Tue, 07 Aug 2007 00:00:00 +0530 Tue, 30 Dec 2014 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13772 The Supreme Court ruled in favor of the petitioner in a case challenging the discounting of apparent consideration and retention of transfer fee amount by the respondents. The court held that the discounted value should be calculated from the agreement date, rendering the previous view obsolete. It was determined that unascertained amounts like transfer fees could not be deducted from consideration. The court directed the respondents to refund the transfer fee amount to the petitioner with interest within eight weeks, with no order as to costs. Case-Laws Income Tax Tue, 07 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13772