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COMMISSIONER OF INCOME TAX versus GODAVARI CORPORATION LTD.

Reference to the fact The provision of a fair market value to the capital where the fair value exceeds 15% does not apply unless the amount received appears to be less than the full value of the consideration board. I find the Tribunal of the Department that the excess profit was not sufficient without justifying consideration by declaring the year of sale next year; no question of law arises in the Indian Income Tax Act, 1961, Sections 52 (2) and 256. ? attorney vs advocate vs counsel from Jhudo lawyer