Neon Solutions Pvt. Ltd. Vs. CIT

Prajakta Deshpande Sep, 2016

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LEGAL CORNER – September 2016 – CASE LAW-I :

Facts of the Case:

The Neon Solutions Pvt. Ltd. (Respondent Assesse) had in 2003 subscribed to 2% non-convertible unsecured debentures of Rs.42 crores issued by one of its group companies viz. M/s. Marketing & Brand Solutions (I) Pvt. Ltd.

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