M/S PRAKASH ELECTRIC COMPANY PRIVATE LIMITED vs. THE DEPUTY COMMISSIONER OF INCOME TAX
WP/6627/2008HC Karnataka23 Jul 2018
Bench: S.SUJATHA,VINEET KOTHARI
Section 47Section 47A
Section 47A(3) of the Act,
which in our view, the petitioner with the
aforesaid interpretation, were not so complied
with during the previous year 1999-2000
relevant to Assessment Year 2000-2001.
26. Therefore, we answer the aforesaid
substantial question of law in favour of the
Revenue and against the Assessee, by
holding that the allotment of shares
