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Supreme Court: Share Substitution in Amalgamation Taxable as Business Income Under Section 28
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Supreme Court: Share Substitution in Amalgamation Taxable as Business Income Under Section 28

Supreme Court rules that share substitution in amalgamation is taxable as business income under Section 28 if shares are held as stock-in-trade.

Supreme Court Judgment Income Tax Act 1961 Section 28 Amalgamation Tax Share Swap Tax Business Income Tax Corporate Merger Stock in Trade Shares Taxation of Amalgamation Commercial Realisability Test Corporate Restructuring
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Supreme Court Ruling Casts Tax Shadow on Merger Share-Swap Deals
Court News

Supreme Court Ruling Casts Tax Shadow on Merger Share-Swap Deals

Supreme Court rules notional gains on merger share-swap taxable as business income if shares are held as stock-in-trade. Big impact on investors, traders, mergers & tax disputes i…

Supreme Court Judgment Income Tax Act Section 28 Share Swap Merger Taxation Amalgamation Stock In Trade Business Income Capital Gains Notional Gains OP Jindal Group Corporate Restructuring Mergers and Acquisitions
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