What is CIT v. Select Holiday Resorts (P) Ltd. authority for?

Section 79, which prohibits carrying forward losses when there is a change in shareholding, does not apply if the beneficial shareholders remain the same, even after amalgamation or merger.

How many judgments cite CIT v. Select Holiday Resorts (P) Ltd.?

34 judgments on BharatTax cite CIT v. Select Holiday Resorts (P) Ltd. (207 CTR 239), spanning 2009 to 2022.

CIT v. Select Holiday Resorts (P) Ltd. (207 CTR 239)

DCIT, CEN. CIR. 4(4), KOLKATA vs. M/S G.K. & SONS PVT. LTD., KOLKATA

In the result, appeal of the revenue is dismissed

ITA 240/KOL/2022[2011-12]Status: DisposedITAT Kolkata20 Oct 2022AY 2011-12

Bench: Shri Rajpal Yadav & Shri Girish Agrawalassessment Year: 2011-12 Deputy Commissioner Of M/S. G. K. & Sons Pvt. Ltd., Income-Tax, Central Circle- Room No. 603, 6Th Floor, 4(4), Kolkata. Vs. Shantiniketan Building, 8, Camac Street, Kolkata- 700017. (Pan:Aaacg8389H) (Appellant) (Respondent) Present For: Appellant By : Shri P. P. Barman, Addl. Cit Respondent By : Shri Ravi Tulsiyan, Fca Date Of Hearing : 12.10.2022 Date Of Pronouncement : 20.10.2022

For Appellant: Shri P. P. Barman, Addl. CITFor Respondent: Shri Ravi Tulsiyan, FCA

Section 143(3)Section 72Section 78Section 79

…IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH KOLKATA आयकर अपीलीय अधीकरण, "यायपीठ “B” कोलकाता, BEFORE SHRI RAJPAL YADAV, VICE PRESIDENT AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER Assessment Year: 2011-12 Deputy Commissioner of M/s. G. K. & Sons Pvt. Ltd., Income-tax, Central Circle- Room No. 603, 6th Floor, 4(4), Kolkata. Vs. Shantiniketan Building, 8, Camac Street, Kolkata- 700017. (PAN:AAACG8389H) (Appellant) (Respondent) Present for: Appellant by : Shri P. P. Barman, Addl. CIT Respondent by : Shri Ravi Tulsiyan, FCA Date of Hearing : 12.10.2022 Date of Pronouncement : 20.10.2022 O R D E R PER GIRISH AGRAW…

ELECTROCAST SALES INDIA LTD.,KOLKATA vs. DCIT, CC-XXI, KOLKATA, KOLKATA

In the result, the appeal of the assessee is partly allowed

ITA 2145/KOL/2014[2011-2012]Status: DisposedITAT Kolkata09 Mar 2018AY 2011-2012

Bench: Hon’Ble Shri Aby. T. Varkey, Jm & Shri M.Balaganesh, Am ] I.T.A No. 2145/Kol/2014 Assessment Year : 2011-12 Electrocast Sales India Ltd. -Vs- Dcit, Cc-Xxi, Kolkata [Pan: Aaace 5671 N] (Appellant) (Respondent)

For Appellant: Shri Ravi Tulsiyan, FCAFor Respondent: Shri S. Dasgupta, Addl. CIT (DR)

Section 115JSection 143(3)Section 72ASection 79

…IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH : KOLKATA [Before Hon’ble Shri Aby. T. Varkey, JM & Shri M.Balaganesh, AM ] I.T.A No. 2145/Kol/2014 Assessment Year : 2011-12 Electrocast Sales India Ltd. -vs- DCIT, CC-XXI, Kolkata [PAN: AAACE 5671 N] (Appellant) (Respondent) For the Appellant : Shri Ravi Tulsiyan, FCA For the Respondent : Shri S. Dasgupta, Addl. CIT (DR) Date of Hearing : 28.02.2018 Date of Pronouncement : 09.03.2018 ORDER Per M.Balaganesh, AM 1. This appeal by the Assessee arises out of the order of the Learned Commissioner of Income Tax(Appeals), Central-II, Kolkata [in short the ld C…

WADHWA & ASSOCIATES REALTORS P.LTD,MUMBAI vs. ASST CIT 9(3), MUMBAI

In the result, the appeal of the assessee is allowed

ITA 967/MUM/2016[2012-13]Status: DisposedITAT Mumbai14 Feb 2018AY 2012-13

Bench: D.T. Garasia & Shri N. K. Pradhanassessment Year: 2012-13 M/S. Wadhwa & Associates Asst. Commissioner Of Income Realtors Private Limited Tax 9(3) 301, 3Rd Floor, Platina, Mumbai. Plot C-59, G Block, Vs. Bandra Kurla Complex, Bandra East, Mumbai - 400051 Pan:Aaacw5273G (Appellant) (Respondent) Present For: Assessee By : Shri Jitendra Jain, Advocate & Shri Mahesh O. Rajora, Ca Revenue By : Shri Abhijit Patankar Date Of Hearing : 29.01.2018 Date Of Pronouncement : 14.02.2018 O R D E R

For Appellant: Shri Jitendra Jain, Advocate &For Respondent: Shri Abhijit Patankar

Section 115JSection 44ASection 79

…IN THE INCOME TAX APPELLATE TRIBUNAL, MUMBAI BENCH “G”, MUMBAI BEFORE D.T. GARASIA, JUDICIAL MEMBER AND SHRI N. K. PRADHAN, ACCOUNTANT MEMBER Assessment Year: 2012-13 M/s. Wadhwa & Associates Asst. Commissioner of Income Realtors Private Limited Tax 9(3) 301, 3rd Floor, Platina, Mumbai. Plot C-59, G Block, Vs. Bandra Kurla Complex, Bandra East, Mumbai - 400051 PAN:AAACW5273G (Appellant) (Respondent) Present for: Assessee by : Shri Jitendra Jain, Advocate & Shri Mahesh O. Rajora, CA Revenue by : Shri Abhijit Patankar Date of Hearing : 29.01.2018 Date of Pronouncement : 14.02.2018 O R D E R Per D.T. GARASIA, Jud…

LODHA LAND DEVELOPMENT P. LTD,MUMBAI vs. ADDL CIT CIR 6(3), MUMBAI

ITA 2819/MUM/2012[2008-09]Status: DisposedITAT Mumbai07 Dec 2015AY 2008-09

Bench: Shri Shailendra Kumar Yadav & Shri Rajesh Kumar.

For Appellant: Shri Vijay Mehta, A.RFor Respondent: Shri A. Ramachandran

Section 40

…e holding company were also shareholder of the assessee company and upon amalgamation the same set off individual were allotted share in the assessee company. The said order of the ITAT, Delhi Bench was confirmed by Delhi High Court also as reported in (2013) 35 Taxmann.com 368 (Delhi) and the Hon’ble Court has held that “It is evident that during the earlier period 98% of the assessee’s share were held by IIPL the holding company, which was amalgamated with the assessee company. However, after merger of the shareholder of the IIPL continued to be shareholder in the assessee company. Thus, the shareholders benefi…