Case Law Details
Case Name : Ramesh D. Tainwala Vs Income Tax Officer 8(3)-1 (ITAT Mumbai)
Related Assessment Year : 2007- 08
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Ramesh D. Tainwala (ITAT Mumbai)- For proviso(i) to Sec.28(va)(a) to apply there must be transfer of the right to carry on any business. The Assessee in the present case was not carrying on any business on his own but was the promoter and director of the company whose shares were purchased by the Acquirer. Clause-6 of the share purchase agreement dt. 13.3.2006 does not transfer any right to carry on any business but merely provides that the Asssessee shall not carry out any activity in relation to business of the Assessee. We may also add that t
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.