PRINCIPAL COMMISSIONER OF INCOME TAX -3, KOLKATA vs. M/S. ITC LIMITED
Appeal is allowed to the extent indicated
ITA/125/2018HC Calcutta27 Jun 2024
Bench: HON'BLE JUSTICE SURYA PRAKASH KESARWANI,HON'BLE JUSTICE RAJARSHI BHARADWAJ
55 of 77
section 45, the amount chargeable to income-tax as income of such
specified entity under that sub-section which is attributable to the
capital asset being transferred by the specified entity, calculated in
the prescribed manner:]
Provided ………:
Provided ………
Provided ……….
Provided ……….
Provided ……….
Provided ……….
Provided ……….
[Explanation. - For the purposes of this section,-
(i)"foreign currency……….;
(ii)the conversion