Issues in Corporate Taxation. - jb nagar cpe study circle of wirc of icai
Issues in Corporate Taxation. - jb nagar cpe study circle of wirc of icai
Issues in Corporate Taxation. - jb nagar cpe study circle of wirc of icai
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Facts & Background<br />
• D.B. Zwirn Mauritius Trad<strong>in</strong>g No. 2 Ltd. (“the assessee”) is a company<br />
<strong>in</strong>corporated <strong>in</strong> and hold<strong>in</strong>g tax residency certificate <strong>of</strong> Mauritius<br />
• The assessee held 61,33,333 equity shares <strong>of</strong> Quippo Telecom<br />
Infrastructure Limited, an Indian company which were acquired <strong>in</strong><br />
September 2007 for a consideration <strong>of</strong> Rs. 2,453.33 lacs<br />
• In November 2009, the assessee entered <strong>in</strong>to a share purchase<br />
agreement to sell these shares to Geraldton F<strong>in</strong>ance Limited, another<br />
Mauritius based company for consideration <strong>of</strong> Rs. 6,439.99 lacs<br />
August, 2011<br />
CA Sanjeev Lalan, S<strong>in</strong>grodia Goyal & Co.<br />
Presentation at JB Nagar CPE Study Circle<br />
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