ANALJIT SINGH,DELHI vs. DCIT, CIRCLE- 16(2), DELHI

In the result, the appeal of the assessee is partly allowed

Bench: Shri Amit Shukla & Shri O.P.Kant

section 45 read withsection48oftheAct. 33. Coming to the actual consideration received as per the share purchase agreement dated 12.03.2014, Mr. Vohra submitted that although in terms of original framework agreement’s was entitled to receive aggregate consideration of Rs.855 crores (Rs.1088 crores - Rs.533 crores) from transfer of their remaining shareholding in Scorpio to CGP/GSPL, however, the parties mutually agreed

SH. PRAVEEN KUMAR MALHOTRA,DELHI vs. PR. CIT- 16, NEW DELHI

In the result appeal of the assessee is allowed