securities.
Acquisition, merger, de-merger,
amalgamation, restructuring, scheme of
arrangement, spin off of setting
divisions of the company, etc.
Change in market
securities.
ii. Acquisition, merger, de-merger, amalgamation,
restructuring, scheme of arrangement, spin off or
selling divisions of the company, etc.
iii. Change in market
off were pertaining to Cenvat Duty, Education Cess etc. Before the ld.
Commissioner (Appeals), the assessee furnished complete details of write
off. For write off ... similar issues related with the write
off of Cenvat credit, while referring the decision of Mohan Spinning
Mills (supra) and the Girdhar Fibres
crores (rounded off) of a loan from one Rupani Spinning
Mills Pvt.Ltd and looking to the share structure of the two companies,
such transaction
deduction under Section 80IA without setting off the
losses / unabsorbed depreciation pertaining to the windmill, which
were set off in the earlier year against other ... deduction under Section 80IA without setting off the
losses / unabsorbed depreciation pertaining to the windmill, which
were set off in the earlier year against other
years were set off against the income from other business. The
Assessing Officer rejected assessee's manner of setting off of prior period
losses ... off against the
income from eligible business only. The Hon'ble Madras High Court in the
case of Velayudhaswamy Spinning Mills
original
peladings cannot be seught to be rid off"
And in M/s Modi Spinning & Weaving Millis Co.
Ltd. & Anr. V. Ladha
ground of appeal:-
2
ITA No.4343/Mum/2018
M/s. Amit Spinning Industries Ltd.
"Whether on the facts and in the circumstances ... proceed to dispose off this appeal on hearing
the ld. DR.
3.1. We find that assessee company is a spinning unit and is engaged
Acit,, Ludhiana vs M/S Vardhman Holdings Ltd.,, Ludhiana on 31 May, 2019
IN THE
year starting from initial
assessment year alone to be considered for set off against the
eligible profit and loss, if any, incurred in the prior ... Madras High Court in the case of CIT Vs.
Velayudhaswamy Spinning Mills P.Ltd. , 340 ITR 477 (Mad) was
relied upon
