No reopening on basis Share transferred without consideration
Facts of the case It is seen that the assessee has transferred 5,30,410 shares during year under consideration whose market value on the date of transfer was Rs.7,63,09,5550/- without consideration to M/s Nerka Chemicals Pvt Ltd by way of transfer deed dated 26.02.2010. AO View In view of the above facts, I have reason to… Read More »

