Assessee could be treated as agent of Foreign co. which transferred its shares to another Foreign co.; SLP granted

INCOME TAX : SLP granted against ruling that where certain shares of assessee, an Indian company, were held by a foreign company which were subsequently transferred to another non-resident company, in view of fact that transfer took place outside India and assessee had no role in such transfer, it could not be treated as agent of foreign company under section 163(1)(c) qua deemed capital gain purportedly earned by foreign company

from www.taxmann.com Latest Case Laws https://ift.tt/305zkWr