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Documents citing Addl Cit 2(1), Mumbai vs Bombay Dyeing & Mfg Co. Ltd, Mumbai on 2 April, 2018

M/S. Demag Delval Indl Turbomachinery ... vs The Acit 15(1), Mumbai on 16 September, 2020

purchasing of a industrial unit from other company is altogether a different commercial decision in total contrast of the process of amalgamation between the two companies. These are two different situation of commercial happening which are incomparable in substance operational in two different fields. Therefore. I am in total consonance with the view of the AO that the ratio of the decision of CIT v. Bombay Dyeing Mfg. cannot be made applicable in this case.
Income Tax Appellate Tribunal - Mumbai Cites 21 - Cited by 0 - Full Document

Associated Breweries & Distilleries ... vs Ass Cit (Osd) 3(1)(1), Mumbai on 13 February, 2019

27. The Ld. counsel submits that as far as the above ground is concerned, there is no bar in the Act to carry forward and set off of the relevant losses both as regards business losses, as well as unabsorbed depreciation, because the losses arise after change in shareholding. It is stated by him that the CIT(A) appears to have given an initial finding in favour of the assessee from the 5th line of para 8.2 till the 10th line. However, he continues later we discuss the decision in Subhulaxmi Mills M/s Associated Breweries 17 ITA No. 625/Mum/2013 Ltd. (supra), which has relevance only for grounds No. 9 to 11 and has no relevance for ground No. 12.
Income Tax Appellate Tribunal - Mumbai Cites 15 - Cited by 0 - Full Document
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