which reads as under:
DEED OF CONFIRMATION FOR SALE AND ASSIGNMENT OF
SEAFOOD BUSINESS UNDERTAKING:
THIS DEED made at Cochin the 28th day of March ... party" THE TRANSFEREE is desirous of acquiring the entire
seafood processing and export business of the TRANSFEROR, Which the
TRANSFEROR had agreed to transfer
have been exported from India. Whatever knowledge of the existing business of seafood items the assessee had has been employed or used in India ... locate reliable sources of quality and assured supply of frozen seafood/marine products and communicate its expert opinion and advice to enable them to take
explained before the assessing officer that there is a huge
demand for seafood items partly for various varieties of fishes. When ... placed reliance on the judgment of the Kerala High Court in Interseas
Seafood Exporters (2010) 188 Taxman 343 (Ker). The assessee filed
copy
facts of the case are that the assessee is an exporter of seafoods. The
income tax assessment u/s. 143(3() was completed vide order ... certificate of the Dy. Development
Commissioner dated 05.06.1995 the CAP Seafoods Division had commenced their
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I.T.A. No.120/Coch/2014
commercial production
follows:-
The assessee is a company engaged in export of seafood.
For the assessment year 2001-2002 the return of income was
filed ... that the amounts have
been received by the assessee for supply of seafood to Ocean
Diamond Inc., USA. The assessee has also produced copy
Arising out of ITA No.763/Coch/2013)
M/s.Silver Star Seafoods Ltd The Income Tax Officer
Anwar Palace, Chandiroor Vs. Wad 1
Cherthala ... follow:-
2.1 The assessee is a company, who is a dealer in seafood. For
the assessment year 2004-2005, the return of income was filed
shares were acquired due to business exigency in order to acquire additional seafood processing capacity. The Kerala State Industrial Development Corporation which advanced loans ... Bombay High Court in the case of CIT v. Sterling Seafoods (supra) in which the Hon'ble High Court held that "by subjecting
shares were acquired due to business exigency in order to acquire additional seafood processing capacity. The Kerala State Industrial Development Corporation which advanced loans ... Bombay High Court in the case of CIT v. Sterling Seafoods (supra) in which the Hon'ble High Court held that "by subjecting
controversy are the following. The
assessee which was engaged in seafood processing and export with their own
4
I.T.A. Nos. 714/Coch/2008
High Court, the assessee company was
engaged in sale and export of seafoods. In order to exploit the fishing
rights in Exclusive Economic Zone
