Facts of the Case The appellant-assesse, a private limited company having business of design, engineering and consultancy in the oil and gas (both onshore and offshore), petroleum refinery and allied sector. On 22.09...
Case Law : Triune Energy Services Vs. DCIT
Case Law : Triune Energy Services Vs. DCIT (Delhi High Court) Topic: Goodwill value cannot be challenged where slump sale includes sale of goodwill & such agreement is beyond any doubt. Subscribe to read the full...
Case Law : DCIT Vs. Viraj Profiles Ltd. (ITAT Mumbai)
Case Law : DCIT Vs. Viraj Profiles Ltd. (ITAT Mumbai) Topic: Whether or not Disallowance u/s 14A while computing book profit u/s 115JB permitted, covered in explanation to Sec.115JB (2)? Subscribe to read the full...
Aster DM in final stage of Gulf business sale
Aster DM Healthcare on Wednesday said that the separation of its Indian and Gulf (GCC) businesses, and the proposed investment in its GCC business by an investor group led by UAE-based PE firm Fajr Capital, is in the...
Aster divests Gulf business for $1 bn
Leading hospital chain Aster DM Healthcare Ltd said it will separate its mainstay Gulf business and sell it to its Indian promoters (Moopen family) and a Dubai consortium for $1.001 billion, in a move it said will...
Grasim Industries’ Scheme of Arrangement under Income Tax Purview
In 2016, the Board of Grasim Industries Limited (“GIL” or “Assessee”), Aditya Birla Nuvo Limited (“ABNL”) and Aditya Birla Financial Services Limited (“ABFSL” or “ABCL”) approved a composite scheme of arrangement of the...
True North’s third fund sells entire 9.15% stake in hospital chain Aster
Homegrown private equity firm True North’s Fund III has sold its entire stake of 9.15% in India- and Gulf-based hospital chain Aster DM Healthcare Ltd for ₹550 crore. Mint reported on Thursday that True North had sold a...
PE firm True North sells Aster DM Healthcare stake worth $65 million
Homegrown private equity firm True North has sold a part of its stake in India and Gulf based hospital chain Aster DM Healthcare Ltd for Rs448.5 crore (approx $65 million), data from stock exchange shows. True North...
IMPLICATION OF GOODS & SERVICES TAX (GST) ON SLUMP SALE
The taxation regime for “Slump Sale” deals in India has always been a matter of differential judicial views and even before the advent of latest overhauled indirect tax structure, the position was scarcely settled when...
FARID GULMOHAMED VS. ITO (ITAT MUMBAI)
LEGAL CORNER - July 2016 - CASE LAW:
TOPIC:
Transfer of Leasehold rights in land won’t attract Section 50C
Facts of the case:
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Teladoc beefs up consumer engagement by acquiring HealthiestYou
Fast-growing telemedicine service provider Teladoc is getting bigger. Thursday, the Purchase, New York-based public company announced that it has signed an agreement to acquireHealthiestYou, which specializes in mobile...