AAR recommends reconsideration of RST’s ruling on availability of relief u/s. 47(iv)

Question No. 2 is whether even otherwise the transaction will stand outside section 45 of the Act in view of the section 47 (iv) of the Act. In the light of the Ruling on question No. 1, this question may have no efficacy. Counsel argued that an earlier Ruling rendered by this Authority Please become a Premium member. If you are already a Premium member, login here to access the full content.