Bhoruka Engineering Inds. Ltd. vs. DCIT (Karnataka High Court)
S. 10(38): Scheme of sale of land through sale of shares of shell
company is valid
The assessee held 98.73% shares in Bhoruka Financial Services Limited
(BFSL). In AY 2005-06 BFSL purchased a plot of land from a group si...read more
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Tuesday, June 18, 2013
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