S.C : Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that on the amalgamation of Ambassador Steamships (P) Ltd. with Collis Line (P) Ltd., there was a transfer by the assessee of their shares in Ambassador Steamships (P) Ltd. ?
Supreme Court Of India CIT vs. Mrs. Grace Collis & Ors. Sections 2(47), 47(vii), 49(2) Asst. Year 1976-77 S.P. Bharucha, […]