KHURANA ENGINEERING LTD.,,AHMEDABAD vs. THE ACIT.(OSD),CIRCLE-1,, AHMEDABAD

Bench: Shri Ramit Kochar & Ms. Madhumita Roya.Y. 2007-08

43a[or clause (vi)]] of sub-section (4)] which fulfils all the following conditions, namely :— (i) it is not formed by splitting up, or the reconstruction, of a business already in existence : Provided that this condition shall not apply in respect of an 44[undertaking] which is formed as a result of the re-establishment, reconstruction or revival

HYDERABAD YADGIRI TOLLWAY PRIVATE LIMITED,AHMEDABAD vs. THE PR.CIT-1, AHMEDABAD

The appeal of the assessee is dismissed

Bench: Ms. Suchitra Kamble & Shri Narendra Prasad Sinhaassessment Year: 2018-19

delay in filing of the appeal is condoned. 3. The brief facts of the case are that the assessee had filed its return of income for the A.Y. 2018-19 on 11.10.2018 declaring total loss of Rs.37,84,22,186/-. The assessment was completed under Section 143(3) of the Act on 28.01.2021 at the returned loss. Subsequently, the case