THE COMMISSIONER OF INCOME TAX vs. M/S KBD SUGARS & DISTILLERIES LTD
ITA/169/2014HC Karnataka30 Jun 2022
Bench: P.S.DINESH KUMAR,ANANT RAMANATH HEGDE
Section 2Section 260Section 724Section 72A
72A (4)
of the Act, because the unit belonging to MOL
was dysfunctional since 1999 and it was not a
'going concern' and does not satisfy the
demerger defined under the Act and violates
sub-clause (vi) of Section 2(19AA) of the Act.
6.
In reply, Shri. Shankar, learned Senior
Advocate submitted that:
• The transaction of purchase of windmills
