M/S. V.V.V. & SONS EDIBLE OILS LTD.,,VIRUDHUNAGAR vs. DCIT, CENTRAL-1,, MADURAI

In the result, the appeals of the assessee in ITA Nos

Bench: Shri Mahavir Singhand Shri G. Manjunatha

6 of section 43 of the Act. As argued by the ld.CIT-DR about the applicability of 5th proviso to section 32(1) of the Act, in the present case of the assessee, we noted that the 5th proviso shall only apply to the previous year of amalgamation, demerger or succession in the hands of both predecessor and successor. This

M/S. V.V.V. & SONS EDIBLE OILS LTD.,,VIRUDHUNAGAR vs. DCIT, CENTRAL-1,, MADURAI

In the result, the appeals of the assessee in ITA Nos