Asst. Cit, Circle-2, Pune vs Shri Rajendra Sitaram Goel, Pune on 9 January, 2017
paid for all assets and liabilities except for unbilled
revenue.
ii. Deferred consideration for unbilled revenue accrued up to the
Effective Date payable by Buyer ... therefore noted to have explained
the reason for incorporating a deferred consideration component, apart
from the lumpsum consideration of Rs.93 crores
paid for all assets and liabilities except for unbilled
revenue.
ii. Deferred consideration for unbilled revenue accrued up to the
Effective Date payable by Buyer ... therefore noted to have explained
the reason for incorporating a deferred consideration component, apart
from the lumpsum consideration of Rs.93 crores
dated
October 2020, sales consideration contains 2 components:
1. Closing date consideration; and
2. Total deferred consideration (subject to clause ... also correctly offered full value of sales consideration i.e., entire
sales consideration, excluding the 'deferred (contingent) consideration' since the
conditions were
observed that the agreement dated 25th January,
2006 also provided for deferred consideration which was capped at Rs.20
crores, which had to be paid ... respondent-assessee as deferred consideration. The
consideration of Rs.20 crores is not an assured consideration to be
received by the Shete family
agreement of sale, the
consideration for transfer of shares is the aggregate of the initial
consideration and the deferred consideration being capped ... whether the entire consideration arising out of such transfer can be
taxed for the year under consideration or only that consideration which has
been received
consideration of Rs. 2.70 crore was to be
received immediately and deferred consideration of Rs. 20 crore was to
be received over a period ... respondent-assessee as deferred consideration. The
consideration of Rs.20 crores is not an assured consideration to be
received by the Shete family
that as there is no certainty of
receiving any amount as deferred consideration, the bringing to tax the
maximum amount of Rs. 20 crores provided ... respondent-assessee as deferred consideration.
The consideration of Rs.20 crores is not an assured consideration to be received by
the Shete family
Sh. Amar Singh, Jagadhari vs Ito, Yamunanagar on 26 February, 2018
IN THE INCOME TAX
Sh. Jai Ram, Jagadhari vs Ito, Yamunanagar on 26 February, 2018
IN THE INCOME TAX