2000 (12) TMI 48 - HC - Income Tax

Summary

The High Court of Delhi ruled in favor of the assessee, Oriental Fire and General Insurance Co. Ltd., stating that the surtax assessments made on the company as the successor of Bharat General Re-insurance Ltd. for the assessment years 1972-73 and 1973-74 were unjustified. The Tribunal's decision was upheld, and the references were disposed of accordingly.