An entity established with new set of employees & Capital cannot be said restructured entity

HIGH COURT OF RAJASTHAN Commissioner of Income-tax Versus Sagun Gems (P.) Ltd. IT appeal No. 210 of 2012 Date of pronouncement- 22.08.2012  JUDGMENT Narendra Kumar Jain, J. Heard learned counsel for the appellant. 2. This income-tax appeal is directed against order dated 20th January, 2012 passed by Income Tax Appellate Tribunal, Jaipur Bench ‘A’, Jaipur, whereby, appeal preferred by revenue/ appellant, against order of Commissioner of Income Tax (Appeals), has been dismissed. 3. Brief facts of the case are that respondent/ assessee was engaged in the business of ...