"02 January 2011" Archive - Page 3

Corporate Veil can be lifted if attempt is to ‘evade’ taxes

M/s. Indo Tech Electric Co. Vs The Deputy Commissioner of Income-Tax (ITAT Chennai)

the Tribunal was right in holding that a sum of Rs.1,25,00,000/- representing the value of technical know-how is liable to tax under the head Long Term Capital Gain the context of Section 45 read with Section 55 of the Income Tax Act, 1961....

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