https://www.taxtmi.com/caselaws?id=28190 Composite consideration for share transfer and delegation of managing rights had to be given its true legal character under Section 12B of the Indian Income-tax Act, 1922, so the taxing authority could not treat the whole receipt as capital gains from sale of shares alone. Where an agreement covers both shares and managerial rights, the total consideration must be apportioned between the distinct components before computing taxable capital gain and allowing permissible deductions. The article states that disregarding the structured transaction was wrong, and the proper computation required fresh apportionment of the receipt. en-us Tue, 26 Apr 1983 00:00:00 +0530 Fri, 19 Feb 2010 15:34:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28190 Composite consideration for share transfer and delegation of managing rights had to be given its true legal character under Section 12B of the Indian Income-tax Act, 1922, so the taxing authority could not treat the whole receipt as capital gains from sale of shares alone. Where an agreement covers both shares and managerial rights, the total consideration must be apportioned between the distinct components before computing taxable capital gain and allowing permissible deductions. The article states that disregarding the structured transaction was wrong, and the proper computation required fresh apportionment of the receipt. Case-Laws Income Tax Tue, 26 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28190