Several cases are filed every year.
Some cases gets decided and others remain pending.
In an important proposition laid down at page 17 of Commissioner of Income Tax v Virtual Soft Systems [2012] GCtR 2507 (Delhi), it was held thus :-
"The financing change is determined by applying the IRR to the net investment made in the asset."
Written by
Vishal
Delhi
Notice : Copyright of above blog and its content including headline vests with Vishal. Above should Not be reproduced in any form in newspapers/websites/Ph.D. thesis/College projects/ law firms' newsletters/law journals/books/book chapters without prior written permission. Fair use should be in terms of Copyright Act, 1957. Any violation will make violator liable for Pecuniary compensation with interest towards the author irrespective of the profit made. All disputes shall be subject to Delhi Jurisdiction.
No comments:
Post a Comment