The Delhi High Court while restoring the matter back to the ITAT held that the shares that were with the assessees have undergone the amalgamation process whereby they are replaced with new shares which would be valued entirely on different fundamentals. The Respondent-assessee, Nalwa Investment Limited belongs to Jindal Group of Companies and is its […]
from Taxscan | Simplifying Tax Laws https://ift.tt/31b4eM7
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