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Unmatched TDS Challans in the form 26AS to be verified and corrected by 31-12-2013. [CBDT]
TP adjustment for control premium upheld as it is only the seller who can demand control premium in case he is selling the controlling stake. Even price charged for transfer of shares is as per SEBI Regulations, it can't be deemed to be at ALP. [Lanxess India Private Limited Vs. ACIT (2013) 36 taxmann.com 350 (Mumbai Tribunal)]
Companies Bill 2013 becomes Companies Act 2013 with the assent of the honorable President of India to it on 30-08-2013. Draft Rules soon for public comments.
TP adjustment for control premium upheld as it is only the seller who can demand control premium in case he is selling the controlling stake. Even price charged for transfer of shares is as per SEBI Regulations, it can't be deemed to be at ALP. [Lanxess India Private Limited Vs. ACIT (2013) 36 taxmann.com 350 (Mumbai Tribunal)]
Companies Bill 2013 becomes Companies Act 2013 with the assent of the honorable President of India to it on 30-08-2013. Draft Rules soon for public comments.