Tax Tribunal Confirms Transaction Valid Despite Canceled Agreements and Fund Appropriation; Assessee's Claims Rejected.

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....LTCG – Assessee contended that since all the MOU were cancelled and the sale consideration kept in the Escrow account had been appropriated by DRDL, therefore no transfer can be said to have taken place - There was an extinguishment of assessee's rights over the shares - additions confirmed - AT....