Jindal Dyechem Industries P Ltd, New ... vs Assessee on 23 February, 2016
In the instant appeal, the issue of settlement of dispute is not there.
Also there is no breach of promotion agreement. The assessee-company, in
the instant appeal has not given up its rights of first purchase of shares on
account of perceived/ alleged violation of promotion agreement. Therefore,
the case of the assessee in the instant appeal is distinguishable from the
case of Sak Industries (P) Ltd. (supra).