THE COMMISSIONER OF INCOME TAX vs. M/S PRAKASH ELECTRIC COMPANY

Bench: S.SUJATHA,VINEET KOTHARI

3) that if any of the conditions laid down in proviso to clause – (xiii) of section 47 are not complied with, then profit or gains arising from the transfer of capital assets not charged u/s 45 shall be deemed to be the profit and gains chargeable to tax of the successor company. Section 47A

KIDS CLINIC INDIA PRIVATE LIMITED

Bench: KRISHNA S DIXIT