HON'BLE MR. JUSTICE R. MAHADEVAN

The Income Tax Appellate Tribunal (ITAT) allowed the assessees' appeals, concluding that no profit accrued as there was no sale or transfer of shares. It held that the allotment of new shares in an amalgamated company in lieu of shares in the amalgamating company did not amount to a 'transfer', irrespective of whether the shares were capital assets or stock-in-trade.

HON'BLE MR. JUSTICE J.B. PARDIWALA

HON'BLE MR. JUSTICE MANOJ MISRA

HON'BLE MR. JUSTICE J.B. PARDIWALA

HON'BLE MR. JUSTICE PAMIDIGHANTAM SRI NARASIMHA

HON'BLE MR. JUSTICE J.B. PARDIWALA

HON'BLE MR. JUSTICE SANDEEP MEHTA

HON'BLE THE CHIEF JUSTICE

HON'BLE MR. JUSTICE PANKAJ MITHAL

HON'BLE MR. JUSTICE J.B. PARDIWALA

HON'BLE MR. JUSTICE J.K. MAHESHWARI

HON'BLE MR. JUSTICE J.B. PARDIWALA

HON'BLE MRS. JUSTICE B.V. NAGARATHNA

HON'BLE MR. JUSTICE R. MAHADEVAN

HON'BLE MR. JUSTICE ABHAY S. OKA

HON'BLE MRS. JUSTICE B.V. NAGARATHNA