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1 - 5 of 5 (0.20 seconds)The Central Excise Act, 1944
Commissioner Of Income-Tax, Bombay ... vs Gaekwar Foam And Rubber Co. Ltd. on 3 October, 1958
(a) CIT Vs. Gaekwad Foam & Rubber Co. Ltd (35 ITR 662)(Bom),
wherein it was held that the take over of an undertaking by a
company from partnership firm, by allotting shares to the partners
did not amount to reconstruction.
The Commissioner Of Income-Tax, New ... vs Hindustan General Industries Ltd. on 10 February, 1981
(b) CIT Vs. Hindustan General Industries (137 ITR 851)(Del),
wherein it was held that the expression "Splitting up of the business
already in existence" indicates a case where the integrity of a
business earlier in existence is broken up and different section of the
activities previously conducted are carried on independently.
T. Satish U. Pai vs Commissioner Of Income-Tax, Karnataka on 27 March, 1978
(c) T. Satish U Pai Vs. CIT (119 ITR 877)(Kar), wherein it was held
that there must be some material to hold that either some asset of
an existing business is divided and another business is set up from
such splitting up of assets or that the two businesses are the same
and one formed was an integral part of the earlier one and it was
only a question of breaking up of the same business. It implies
unity of control in regard to two businesses, i.e., earlier one in
existence and a new one which is brought into existence.
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