Transfer of Land to Holding Company exempted from Capital Gain Tax: Madras HC [Read Judgment]

The Madras High Court held that the assessee is entitled to exemption under Section 47(v) of Income Tax Act with respect to the transfer of land to its holding company. The assessee, M/s.Shardlow India Ltd. is a public limited company, filed the return of income for the assessment year under consideration returning an income of […]

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