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Commissioner Of Income Tax vs Indocount Finance Ltd. on 15 December, 2003

8. Mr. Salil Aggarwal appearing on behalf of the respondent/assessee raised two points as to why this appeal should not be admitted. The first point raised by him was that the question whether the forfeiture in the present case amounted to transfer or not, was not raised before any of the authorities below and, therefore, the same cannot be taken for the first time before this Court. For this proposition he placed reliance on the decision of this Court in the case of Commissioner of Income Tax vs. Indocount Finance Limited:271 ITR 215.
Delhi High Court Cites 2 - Cited by 2 - Full Document
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