9911796707
TMI Blog2000 (12) TMI 48X X X X Extracts X X X X X X X X Extracts X X X X ..... ssues and are, therefore, disposed of by this common judgment. On being moved by the Revenue, the Income-tax Appellate Tribunal, Delhi Bench-C (in short "the Tribunal"), has referred under section 256(1) of the Income-tax Act, 1961 (in short "the Act"), the following question for the opinion of this court: "Whether, on the facts and in the circumstances of the case, the Tribunal was justified ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed date, stand dissolved without winding up. In view of this Bharat General Re-insurance Limited stood dissolved with effect from January 1, 1974. The Income-tax Officer (in short "the ITO") completed the assessment on the assessee in its capacity as successor of Bharat General Re-insurance Limited under the Companies (Profits) Surtax Act, 1964 ("the Surtax Act" in short), on the basis of income-t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erence, the question as set out above has been referred for our opinion. It has to be noted that in respect of income-tax proceedings, the matter was before this court in the references for the concerned assessment years. By our decision in Oriental Fire and General Insurance Co. Ltd. v. CIT [2000] 244 ITR 631, the Tribunal's view was upheld. In that view of the matter, our answer to the questio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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