2018 (2) TMI 1857

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r, i/b Mulla & Mulla And CB And C ORDER PC:- 1. This Appeal under Section 260-A of the Income Tax Act, 1961 (the Act), challenges the order dated 30th October 2014 passed by the Income Tax Appellate Tribunal (the Tribunal). The impugned order dated 30th October 2014 is in respect of Assessment Year 1994-95. 2 The Revenue urges the following question of law for our consideration: (1) "Whethe .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... by written down value of assets forming part of the Shamnagar undertaking, which was transferred to Lipton (I) Ltd. as a going concern, for a lump sum consideration"? 3. Re.:- Issue No.1. (a) The impugned order of the Tribunal held that the Respondent - Assessee is entitled to the simultaneous benefit of Section 80I and Section 80HH of the Act. This by following the decision of the Supreme Cou .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X