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2 results for “transfer pricing”+ Section 50Bclear

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Section 453Section 260A2

THE COMMISSONER OF INCOME TAX vs. M/S B V REDDY MARKETING P. LTD

Appeal stands dismissed

ITA/353/2007HC Karnataka02 Dec 2013

Bench: N.KUMAR,RATHNAKALA

Section 260ASection 50B

50B with effect from 01.04.2000 which will be relevant for the assessment period 2000-01, the consideration received in slump sale was not liable to tax and therefore, he allowed the appeal and set-aside the order of the Assessing Authority. Aggrieved by the same, the Revenue - 5 - preferred an appeal in the Tribunal. The Tribunal upheld the order

THE COMMISSIONER OF INCOME TAX vs. M/S. NUTRINE CONFECTIONERY CO. P. LTD.,

Appeal stands dismissed

ITA/364/2007HC Karnataka02 Dec 2013

Bench: N.KUMAR,RATHNAKALA

Section 260A
Section 45
Section 65

price was capable of being attributable to individual assets, which is also known as item-wise earmarking. The third test is that there is a conceptual difference between an undertaking and its components. Plant, machinery and dead stock are individual items of an Undertaking. A Business Undertaking can consists of not only tangible items but also intangible items like, goodwill