THE COMMISSIONER OF INCOME-TAX vs. M/S AMCO BATTERIES LTD.,
In the result, the order passed by the tribunal
ITA/572/2013HC Karnataka18 Nov 2020
Bench: ALOK ARADHE,H.T. NARENDRA PRASAD
Section 143(3)Section 147Section 148Section 2(47)Section 260Section 260A
capital gains under Section 45 of
the Act. It is also argued that since the assessee failed
to disclose the transaction, the same has escaped
assessment. It is also urged that the order of re opening
of assessment be upheld and the matter be remitted to
tribunal for adjudication on merits. In support of
aforesaid submissions, reliance has been placed
