M/S.APOLLO TYRES LTD. vs. THE DEPUTY COMMISSIONER OF INCOME TAX
ITA/272/2013HC Kerala04 Aug 2021
Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR. JUSTICE BECHU KURIAN THOMAS
For Appellant: M/S.APOLLO TYRES LTDFor Respondent: THE DEPUTY COMMISSIONER OF INCOME TAX
Section 260A
Income Tax Act, 1961 (for short, 'the Act').
3. It may be necessary to refer briefly to the
circumstances of this case as pleaded by the assessee. With a
view to expand its business, the assessee intended to take over
the Dunlop Tyre Manufacturing Company in South Africa. For
that purpose, it formed a company in Mauritius as a wholly
