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Validly of transfer of shares by way of gift?

Case Law Details

Case Name
DP World (P.) Ltd. Vs Deputy Commissioner of Income-tax - 2(1) (ITAT Mumbai)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2008-09
Courts
ITAT Mumbai
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IN THE ITAT MUMBAI BENCH ‘D’ DP World (P.) Ltd. versus Deputy Commissioner of Income-tax – 2(1) IT APPEAL NOs. 3627 & 3841 (MUM.) OF 2012 [ASSESSMENT YEAR 2008-09] OCTOBER 12, 2012 ORDER N.K. Billaiya, Accountant Member   These cross appeals are filed by the assessee and the Revenue are directed against the very same order of Ld. CIT(A)-4, Mumbai dt. 26.3.2012 pertaining to assessment year 2008-09. As common issues are involved, we heard both these appeals together and dispose off the same by this common order for the sake of convenience and brevity. 2. The assessee is a...
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