Supreme Court · 2018 INSC 35 · Decided 18 January 2018
National Travel Services v. Commissioner of Income Tax, Delhi, Viii
- Court
- Supreme Court of India
- Citation
- 2018 INSC 35 · [2018] 1 S.C.R. 336
- Case number
- CIVIL APPEAL No. 2068/2012
- Decided
- 18 January 2018
- Bench
- R.F. NARIMAN, NAVIN SINHA (2-judge bench)
- Outcome
- Matter referred to larger bench
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 2(22)(e)
Headnote
Income Tax Act, 1961: s.2(22)(e) (as amended in 1988) - Applicability of - Partnership firm purchased shares in the name of two of its partners - Whether the firm or the partners are to be treated as shareholders for the purpose of s.2(22)(e) - occurring in s.2(22)(e) post amendment, has only to be a person who is the beneficial owner of shares - One cannot be a registered owner and beneficial owner in the sense of a beneficiary of a trust or otherwise at the same time - To state that two conditions
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