The Commissioner of Income Tax-IV vs. M/s Pokarna Limited

The appeals are dismissed

Bench: P.SAM KOSHY,NARSING RAO NANDIKONDA

274/- and levied Capital Tax on the said amount. 6. Aggrieved by this order, the assessee preferred an appeal to the Commissioner of Income-Tax (Appeals). The Appellate Authority after examining the entire material on record and after taking note of the various judgments relied on by both the parties was of the view that it is an admitted fact