Indo Tech Electric Co. vs DCIT
Capital Gains- Evasion of tax-Transfer of know-how vis-a-vis Transfer of Goodwill-AY 1995-1996. The assessee was a partnership making profits for last 25 years. It had 2 partners. It was taken over as a going concern by a company 'C [LexDoc Id : 400680]
Coventry Coil-O-Matic Haryana Ltd. and Anr. vs RBI and Ors.
Winding up: Circumstances in which company might be wound up by court-Failure to discharge admitted liabilities-The respondent had submitted a proposal for term loan for starting a manufacturing unit. The sanction was granted for the financial assistance with pa [LexDoc Id : 400077]
CIT vs Tulsyan NEC Ltd.
Computation of: Chargeable interest-Adjustment of MAT credit-The MAT credit admissible under s.115JAA had to be set off against the tax payable i.e. assessed tax, before calculating interest under s.234A, s.234B [LexDoc Id : 399918]
