SUPERTEX INDUSTRIES LTD,MUMBAI vs. DCIT CIR 4(3)(2), MUMBAI
ITA 4649/MUM/2018[2012-13]Status: DisposedITAT Mumbai22 Oct 2025AY 2012-13
Bench: Justice (Retd.) C V Bhadang, Hon’Ble & Ms. Padmavathy S, Hon’Blesupertex Industries Ltd., Dcit Circle 4(3)(2), 45-49 Babu Genu Road, Mumbai. Vs. Princess Street, Kalbadevi, Mumbai 400 002. Pan Aaacs7274D (Appellant) (Respondent)
For Appellant: Shri Dharan GandhiFor Respondent: Shri Swapnil Choudhary-Sr AR
Section 115JSection 143(3)Section 3(1)(o)
Bench issued the following directions:-
(a)
The company M/s. Supertex Industries Ltd ceases to be a sick industrial company, within the meaning of section 3(1)(o) of the SICA as its net worth has turned positive as per ABS as on 30.03.2009 and as per the Provisional Balance Sheet