THE COMMISSIONER OF INCOME TAX vs. INDUSTRIAL HYDRAULICS PVT LTD
In the result, this appeal is allowed
ITA/483/2007HC Karnataka03 Mar 2015
Bench: B.S PATIL,P.S.DINESH KUMAR
Section 143(1)(a)Section 147Section 148Section 154Section 260Section 50Section 50BSection 80
50B of the Income Tax Act, 1961 (for short,
hereinafter referred to as ‘the Act’) is not applicable with
retrospective effect from 01.04.2000 and therefore, the
provisions of Section 80-IA of the Act are also not
applicable to the facts of the case, inasmuch as the entire
business undertaking was transferred as an ongoing
concern with the whole assets
