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
Section 260A of the Act and the question is
answered in favour of the revenue and against the assessee.
Substantial Question No.4
"Whether the Hon'ble ITAT, in the facts and
circumstances of the case, is correct in allowing loss of
Rs.4,07,24,151/- on transfer of 100% shareholding of
assessee company in its AE Apollo tyres A.G.Switzerland
(ATAG
