Just a moment...

⚠✕
❮ Top
☎ Help
🚀 New Feature Launched ✕

Introducing the “In Favour Of” filter in Case Laws.

  • ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
  • 🔍 Narrow down results with higher precision

Try it now in Case Laws →

☰
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback✕

Contact Us At :

✉ E-mail: [email protected]

✆ Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS
PrevPreviousNextNext

Indian Court Rules: Capital Gains Tax Must Reflect Actual Gains, Not Hypothetical Values, in Foreign Company Amalgamation Case.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Taxability as a result of amalgamation - A foreign company has a branch in India holding shares in India company - The Revenue has given a strange method of working out capital gains which is completely on notional basis and is based on presumptions. Capital gains have to be calculated on real gains and not on the basis of some notional values. - AAR....

PrevPreviousNextNext