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![Amount Received from Wholly Owned Subsidiary for Transfer of It’s Shares to a Group of Shareholders of the Holding Co. is not Capital Gain: SC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Supreme-Court-of-India-Tax-Scan.jpg "Amount Received from Wholly Owned Subsidiary for Transfer of It’s Shares to a Group of Shareholders of the Holding Co. is not Capital Gain: SC [Read Order]")
Amount Received from Wholly Owned Subsidiary for Transfer of It’s Shares to a Group of Shareholders of the Holding Co. is not Capital Gain: SC [Read Order]
In CIT v. M/s Annamalaiar Mills, a two-judge bench of the Supreme Court categorically held that the amount received from a wholly-owned subsidiary in...