SARA SUPPLIERS PRIVATE LIMITED,AHMEDABAD vs. THE ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE-4(1)(1), AHMEDABAD
ITA 432/AHD/2022[2016-17]Status: DisposedITAT Ahmedabad21 Feb 2024AY 2016-17
Bench: Shri Waseem Ahmed & Shri Siddhartha Nautiyalआयकरअपीलसं./Ita No. 432/Ahd/2022 धििाधरणवरध/Asstt. Year: 2016-2017 Sara Suppliers Private Limited, The Asst. Commissioner Of 6, Patel Avenue, Vs. Income Tax, Near Gurudwara S.G Highway, Circle-4(1)(1), Ahmedabad-380054. Ahmedabad.
For Appellant: Shri Tushar Hemani, Sr. Advocate with Shri Parimalsinh B. Parmar, A.RFor Respondent: Shri Sudhendu Das, CIT.D.R
Section 32(1)
transferred in the scheme of amalgamation should be equal to what was in the books of amalgamating company. Similarly, the provisions of section 55(2)(a)(iii) of the Act provide that the value of an asset which has been acquired without incurring any cost should be taken
