New Okhla Industrial Development ... vs Assessee on 22 July, 2016
1
IN THE INCOME TAX
undertaken for that purpose, including the
apportionment of and devolution of assets and
liabilities, etc. section 394(2) provided as follows:
"(2) Where ... purpose
of devolution of assets and
liabilities:
394....(4) In this section-
(a) property includes property, rights and powers of
every description and" liabilities
Cairn Uk Holding Ltd., Ahmedabad vs Dcit (International Taxation), New ... on 9 March, 2017
Page
Niketan to hold it upon Trust, to sell the same, with
the power in his absolute discretion to postpone the sale so
long ... Settlor. Until the Settlor's brother was alive the
devolution of the property to the Trust had been kept
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