Bombay High Court Quashes Order Treating Indian Subsidiary as Agent of Non-Resident Parent for Capital Gains Assessment Due to Limitation Bar. Assessment Proceedings Against Representative Assessee Under Section 163 of Income Tax Act, 1961 Invalid as Notice Issued Beyond Two-Year Period from End of Relevant Assessment Year, Mandated by Section 149(3).
30 Nov 2011The petitioner, an Indian company formerly part of the Tech Pacific group, was acquired by Ingram Micro Inc. through a share purchase agreement involv...
