KIRTIKUMAR NAGINDAS SHAH,SURAT vs. INCOME TAX OFFICER, WARD 2(3)(6), SURAT
In the result, ground No.2 raised by the assessee is allowed
ITA 535/SRT/2023[2014-15]Status: DisposedITAT Surat12 Oct 2023AY 2014-15
Bench: Shri Dr. A. L. Sainiआयकर अपील सं./Ita No.535/Srt/2023 Assessment Year: (2014-15) (Physical Hearing) Kiritkumar Nagindas Shah, Vs. The Ito, A-1103, Regent Residency, Near Ward – 2(3)(6), Saurabh Society, Pal, Surat Surat – 395009, Gujarat "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Anjps9031P (Appellant) (Respondent)
Section 143(1)Section 143(2)Section 143(3)Section 145Section 14ASection 40
disallowance of interest expenses under section 14A was to be deleted IT: Where assessee had transferred its business division to its subsidiary against shares and debentures, same was not a 'slump sale' but an 'exchange'; thus, provisions of section 50B
