Section 256 of the Income-tax Act, 1961
Last updated: 04 April 2008
Court :
HIGH COURT OF DELHI
Brief :
Citation :
Commissioner of Income-tax
v.
BHEL
MADAN B. LOKUR AND S. MURALIDHAR, JJ.
IT REFERENCE NO. 190 OF 1984
HIGH COURT OF DELHI
Commissioner of Income-tax
v.
BHEL
MADAN B. LOKUR AND S. MURALIDHAR, JJ.
IT REFERENCE NO. 190 OF 1984
December 18, 2007
Section 256 of the Income-tax Act, 1961 - High Court - Reference to - Assessment year 1974-75 - Revenue sought reference against order of Tribunal holding that order passed by Government of India and section 396 of Companies Act, 1956 losses of amalgamating company should form part of losses of amalgamated company was operative and that two companies were not separate assessee as when corporate veil of amalgamating company and amalgamated company was lifted it was found that shareholders of said two companies were same - Whether since revenue had not obtained approval of Committee on Disputes to pursue litigation, reference was to be returned unanswered - Held, yes
C.rajesh
Published in Income Tax
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