This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Taxability of Compensation for cancellation of right issue of fully convertible debentures & allotment of shares
Case Law Details
- Case Name
- Commissioner of Income-tax, Kolkata Vs Vasudhara Holdings Ltd. (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
Advertisement
SUPREME COURT OF INDIA
Commissioner of Income-tax, Kolkata
versus
Vasudhara Holdings Ltd.
CIVIL APPEAL NO. 6106 OF 2012
SPECIAL LEAVE TO APPEAL (CIVIL) NO. 16866 OF 2008
AUGUST 28, 2012
JUDGMENT
1. Heard learned counsel on both sides.
2. Delay condoned.
Leave granted.
3. The question which arises for determination in this civil appeal filed by the Department is as follows:
“Whether the sum of Rs. 75,00,000/- received by the assessee as compensation from M/s. Jenson and Nicholson Limited under consent decree dated 1st September, 1998, in Suit No. 321B of 1996 passed by th...
