Gillette USA's Rs. 108 Crore Debt Repayment Deemed Capital Receipt, Influencing Tax Implications of Share Sale to Newell.

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....Nature of receipt of Rs. 108 crores from Gillette USA for repayment of its debts pursuant to sales of its entire shareholding in the assessee-company to Newell - Capital receipt or revenue receipt - major portion held as capital in nature - AT....