RAJASTHAN R.S.S. & GINNING MILLS FED.LTD vs. DY. COMMNR. OF INCOME TAX, JAIPUR
The appeal is dismissed
C.A. No.-003880-003880 - 2003Supreme Court29 Apr 2014
Section 16(8)Section 72
68,39,504/-, carried forward, so that
the same could be set off against the profits of the appellant
society under the provisions of Section 72 of the Income Tax
Act, 1961 (hereinafter referred to as ‘the Act’).
The assessing officer negatived the appellant’s claim for the
reason that the said societies were not in existence after their
amalgamation
