SC: Admits SLP against HC-ruling holding Jindal Group's transaction as colourable device
SC admits assessee’s (Abhinandan Investment Ltd., a Jindal group company) SLP against Delhi HC ruling for AY 1992-93 wherein HC had held that the transaction of renunciation of rights for subscribing to partly convertible debentures (‘PCDs’) of JISCO (another Jindal Group company) was a colourable device to contrive artificial loss; Assessee had renounced rights in PCDs in favour of another group company (‘JSL’) at a significantly lower pr...
Purchase this Article
2000₹ Buy Now
For 2000₹, purchase this and receive immediate online access.
Already a Subscriber?
Log in for complete access.Log In
Contact Kalpana J at +91 98200 47188
Email - firstname.lastname@example.org