2010 (11) TMI 749

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ce the tax liability artificially of both the parties - counsel for the revenue fairly states that the matter is covered against the revenue by order of this Court in the case of M/s Punjab State Electricity Board (2009 -TMI - 34200 - PUNJAB AND HARYANA HIGH COURT), this appeal is dismissed. - I.T.A. No. 417 of 2010 - - - Dated:- 2-11-2010 - Adarsh Kumar Goel, Rakesh Kumar Jain, JJ. T.K. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ll Ltd. vs CTO (154 ITR 148) (SC) has wrongly been interpreted. (ii) Whether the ITAT's order is perverse in not appreciating the facts and the law point by piercing the corporate veil in order to see the real intention of the assessee to understate its income and defeat the revenue of its rightful dues by using 'colourable devices' as per decision of the Hon'ble Apex Court in the case of Mc D .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X