A division bench of the Calcutta High Court has held that the receipts for exercising the voting rights in a Company is not taxable under the Income Tax Act as the same amounts to capital receipt. The assessee is a non-banking financial company. Tyco, USA had a tie-up with the RPG group of companies for […]
The post Receipts for Exercising Voting Rights in a Company is not Taxable: Calcutta HC [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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