High Court Rules Rs. 6.60 Crores as Abusive Tax Avoidance; Amount Taxed as Sale Consideration for CDBL Shares.

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....Nature of payment of ₹ 6.60 crores – abusive tax avoidance - entire amount would be taxed in the hands of the assessee, and would be treated as part of the sale consideration received on transfer of the shares in CDBL, held by him - HC....