[aaykarbhavan] No violation of sec. 11(5) alleging investment in foreign co. if Will transferring foreign shares was under dispute

No violation of sec. 11(5) alleging investment in foreign co. if Will transferring foreign shares was under dispute

December 20, 2014[2014] 52 taxmann.com 98 (Delhi)/[2014] 367 ITR 723 (Delhi)

IT : Where will in question, transferring shares in a foreign company in favour of trust, was under legal dispute, there was no violation of section 11(5)

IT : Advance paid for raising a memorial by trust could not be treated as an investment covered under section 11(5)

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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