Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2003 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2003 (11) TMI 44 - HC - Income TaxInvestment allowance – transfer – firm dissolved - Whether the appellant assessee had contravened section 155(4A) and/or section 32A, sub-section (5), by reason of constitution of a new firm comprising of all its original partners except the deceased partner, and the widow of the deceased partner, which firm had taken over all the assets and liabilities of the firm which was dissolved on October 26, 1987, on the death of the father (the founder of the firm) that had been founded on November 9, 1976, and had comprised of himself, his three sons and his two daughters. – Whether investment allowance was rightly disallowed – Held, no
|