https://www.taxtmi.com/caselaws?id=375917 The court ruled in favor of the petitioner, a company, in a case involving a communication demanding payment for mutation/transfer of property. The court held that a change in shareholding of a company does not amount to a transfer of property, citing previous judgments. As there was no transfer of property, the demand for unearned increase was deemed unsustainable. The court set aside the communication, directed the respondent to process the petitioner's application for conversion, and ordered a refund of the deposited amount. The petition was allowed in favor of the petitioner. en-us Fri, 22 Feb 2019 00:00:00 +0530 Wed, 27 Feb 2019 12:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375917 The court ruled in favor of the petitioner, a company, in a case involving a communication demanding payment for mutation/transfer of property. The court held that a change in shareholding of a company does not amount to a transfer of property, citing previous judgments. As there was no transfer of property, the demand for unearned increase was deemed unsustainable. The court set aside the communication, directed the respondent to process the petitioner's application for conversion, and ordered a refund of the deposited amount. The petition was allowed in favor of the petitioner. Case-Laws Indian Laws Fri, 22 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375917