INCOME TAX : Where shares in MCL/VCL, Indian company, was acquired by applicant, Mauritius company, by voluntary liquidation of another Indian company with sole purpose to transfer situs of ownership of MCL/VCL shares owned by its Group company to Mauritius to avoid capital gain tax in India, application of advance ruling filed by applicant was barred under clause (iii) of proviso to section 245R(2)
from www.taxmann.com Latest Case Laws https://ift.tt/3egJuZL
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