consideration in money covered by
the definition of sale not only under the phrase "other valuable
consideration", but also under "deferred payment ... works contract is to be for "cash
deferred payment or valuable consideration ".
.....
(n) After the decision of the Supreme Court in Builders
Association
determined by the Purchaser pursuant to such
Diligence Exercise ("Deferred Consideration"); and
(iii) INR 8,50,00,000 (Indian Rupees Eight crore
fifty ... Purchaser), which adjustments
shall be effected /adjusted against the Deferred
Consideration.
3.4 The purchaser consideration has been
determined for the Undertaking as a whole
cash, property in any goods for cash,
deferred payment or other
deferred payment or other
valuable consideration;
valuable consideration;
(ii) a transfer of property ... specified
period) for cash, deferred
period) for cash, deferred
payment or other valuable
consideration; (v) a supply of payment or other valuable
goods
from the reading of the above clauses
of the agreement the deferred consideration is payable over a
period of four years ... respondent-assessee as deferred consideration.
The consideration of Rs. 20 crores is not an assured
consideration to be received by the Shete family
upfront cash consideration of 1,187 crore and a deferred
consideration of up to Rs. 608 crore.
During the year, we invested in our subsidiaries ... upfront cash consideration of Rs. 1, 87 crore and a deferred
consideration of up to Rs. 608 Cr. The deferred consideration is payable
from the reading of the above clauses of the
agreement the deferred consideration is payable over a period of four
years ... respondent-
assessee as deferred consideration. The consideration of Rs.20 crores is
not an assured consideration to be received by the Shete family
Sh. Purshotam Kumar, Yamunanagar vs Assessee on 17 August, 2016
IN THE INCOME TAX APPELLATE
revised sales price of the share arising from a
contingent deferred consideration that was not received by the
assessee.
6.1 The AO/DRP failed ... consider the revised sale price arising due to
the contingent deferred consideration that was not received by the
Appellant during the year under consideration
submitted that the total consideration viz. upfront consideration and deferred
consideration aggregating to a sum of INR 480 crores paid ... Convertible Debentures' (Deferred Consideration) was required to have been paid
on or before 10.01.2020. In fact, MA No. 249/20 was heard
upfront
cash consideration of 1,187 crore and a deferred
consideration of up to Rs. 608 crore.
During the year, we invested in our subsidiaries ... upfront
cash consideration of Rs. 1,87 crore and a deferred
consideration of up to Rs. 608 Cr.
The deferred consideration is payable
