THE PRINCIPAL COMMISSIONER OF INCOME TAX vs. M/S. APOLLO TYRES LTD
Appeal is allowed in part as indicated
ITA/44/2017HC Kerala22 Sept 2021
Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE VIJU ABRAHAM
For Appellant: M/S. APOLLO TYRES LTDFor Respondent: THE PRINCIPAL COMMISSIONER OF INCOME TAX
Section 143(3)Section 144CSection 144C(5)Section 35Section 43ASection 92C
capital loss had
been claimed as business loss. Hence, the reliance of
the assessee on the order of the ITAT for A.Y. 2002-03
in totally misplaced as the facts were totally different
in A.Y.2002-03.
11.4
The investment was made by the assessee in a
separate juridical corporate entity. The transaction
between the two distinct, separate legal entities are
subject
