There cannot be a further liability fastened on a proprietary concern in respect of credit entries which have already suffered tax in hands of a company with which said concern got merged

CASE LAWS DETAILS

DECIDED BY: HIGH COURT OF MADRAS,

IN THE CASE OF: CIT Vs. Sudarshan Kumar Rungta, APPEAL NO: Tax Case (Appeal) No. 630 of 2009, DECIDED ON July 20, 2009

RELEVANT PARAGRAPH

The brief facts are that the assessee herein is a proprietary conce

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