entire transaction
of transfer of land starting from the revaluation of the land before
demerger to the sale of developed properties by Avani Infra ... record available
it is apparent that the demerger carried on was not a tax demerger as only
land was transferred not any undertaking
land held by EML was demerged and vested with the assessee. After demerger, the assessee company had converted the land into investments from ... ground that the land was shown as stock in trade. According to the assessee, the land demerged with EML to EPHL, is not a transfer
acres of land
situated at Mohammadpur Gujar, received in exchange for the Chauma land.
However, as per 31.1 acres of Chauma land, the LOCs made ... hand, Development
Rights over Chauma land, never stood transferred to MGF Developments
Ltd., as land stood exchanged, prior to demerger order by way of Exchange
camouflaging the conveyance of the company's land as a demerger solely to avoid the taxation events which would otherwise follow in the ordinary ... resultant companies to the demerged company is further indicative of the arrangement/ demerger under consideration being a plain transfer of land not a restructuring
land
parcels in village Chauma, Tehsil & District Gurugram. The said
land parcels are situated in Sectors 111 and 113, Gurugram. As
per demerger order ... Demerged Company after the Appointed Date and prior
to the Effective Date for operation of the Demerged
Undertaking or pertaining to the Demerged Undertaking
shall
Admittedly, the assessee-company was demerged by an order dated 15.9.2009. Before demerger, the assessee-company gave the landed property to sister concern as security ... ground that the land was shown as stock in trade. According to the assessee, the land demerged with EML to EPHL, is not a transfer
camouflaging the conveyance of the company's land as a demerger solely to avoid the taxation events which would otherwise follow in the ordinary ... resultant companies to the demerged company is further indicative of the arrangement/ demerger under consideration being a plain transfer of land not a restructuring
camouflaging the conveyance of the company's land as a demerger solely to avoid the taxation events which would otherwise follow in the ordinary ... resultant companies to the demerged company is further indicative of the arrangement/ demerger under consideration being a plain transfer of land not a restructuring
camouflaging the conveyance of the company's land as a demerger solely to avoid the taxation events which would otherwise follow in the ordinary ... resultant companies to the demerged company is further indicative of the arrangement/ demerger under consideration being a plain transfer of land not a restructuring
camouflaging the conveyance of the company's land as a demerger solely to avoid the taxation events which would otherwise follow in the ordinary ... resultant companies to the demerged company is further indicative of the arrangement/ demerger under consideration being a plain transfer of land not a restructuring
