Payment of Tax Liability by Transferee of Transferor in an agreement of amalgamation is of capital nature [Bombay HC]

FCS Deepak Pratap Singh , Last updated: 22 July 2024  
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BOMBAY HIGH COURT COMMISSIONER OF INCOME-TAX VS PLASMAC MACHINE MFG. CO. LTD. DATED: 4th FEBRUARY, 1993 EQUIVALENT CITATIONS: [1993]201ITR650(BOM) HELD THAT In the instant case, evidently, the tax liability discharged by the assessee was in pursuance of the agreement with the transferor for

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Published by

FCS Deepak Pratap Singh
(Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.))
Category Income Tax   Report

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