THE COMMISSIONER OF INCOME TAX-1, KOCHI vs. M/S.COCHIN MALABAR ESTATES & INDUSTRIES LTD.
ITA/179/2014HC Kerala28 Oct 2021
Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE BASANT BALAJI
Section 143(2)Section 2(14)Section 2(14)(iii)Section 260A
capital gains is per se illegal. He relies on
the judgments reported in Ms Srinivasa Naicker v. Income Tax
Officer6; and Principal Commissioner of Income Tax 4, Chennai v. M/s.
Mansi Finance Chennai Ltd7 for the proposition that the judgment
relied on by the Revenue is considered by the Madras High
Court and it has been finally held that
