PRINCIPAL COMMISSIONER OF INCOME TAX,BHUBANESWAR vs. INDUSTRIAL DEVELOPMENT CORPORATION OF ORISSA LTD.
In the result, the appeal stands disposed of in terms of
ITA/33/2017HC Orissa14 Nov 2022
Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE MURAHARI SRI RAMAN
Section 115Section 115JSection 14Section 14ASection 260Section 45(2)
capital gains on
sale of such assets?
3.
"Whether
on
the
facts
and
in
the
circumstances of the case, the Tribunal is right in
law in setting aside the addition made in respect
of realization of assets of erstwhile Lakshmi
Commercial Bank by erroneously holding that,
when the excess of liabilities over assets is not
4
allowed as deduction
