https://www.taxtmi.com/caselaws?id=419582 The High Court upheld the ITAT's decision that a demerger without consideration does not attract capital gains tax liability. The court emphasized that without actual consideration, no notional gain can be taxed, and fair market value provisions were inapplicable. The appeal was dismissed as no substantial legal question was raised, clarifying the tax treatment of demergers and the importance of consideration in capital gains assessments. en-us Thu, 03 Mar 2022 00:00:00 +0530 Tue, 15 Mar 2022 08:27:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419582 The High Court upheld the ITAT's decision that a demerger without consideration does not attract capital gains tax liability. The court emphasized that without actual consideration, no notional gain can be taxed, and fair market value provisions were inapplicable. The appeal was dismissed as no substantial legal question was raised, clarifying the tax treatment of demergers and the importance of consideration in capital gains assessments. Case-Laws Income Tax Thu, 03 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419582