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Surrender of Us-64 for conversion into UTI tax free bonds would not amount to transfer for purpose of section 45
Case Law Details
- Case Name
- ACIT Vs. ABC Bearings Ltd. (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2004- 2005
- Courts
- All ITAT, ITAT Mumbai
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ITAT MUMBAI BENCH `H’ MUMBAI,
ACIT Vs. ABC Bearings Ltd.,
ITA No. 6430/Mum/2007,
July 16, 2010
O R D E R
Per T.R.SOOD, AM:
In this appeal, the revenue has raised the following three grounds:.
1. Whether on the facts and in the circumstances of the case, the Ld. CIT[A] is justified in deleting the disallowance of Rs.3.88 crores even though the assessee failed to produce relevant account books, bills and vouchers before the AO.
2.Whether on the facts and in the circumstances of the case, the Ld. CIT[A] is justified in deleting the disallowance of Rs.87,05,400/- even though the AO...
