Thursday, July 26, 2018

Plea to amend scheme impermissible as it would amount to tampering with essence of scheme

CL: Where compromise/arrangement scheme between companies was made effective, merely because tax benefits available to transferor in respect of windmill business was not available to transferee, amendment to scheme would be impermissible as it would effectively amount to tampering with essence of Scheme

from www.taxmann.com Latest Case Laws https://ift.tt/2LFTGxE

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...