TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income-tax Commissioner's Application Dismissed: No Transfer of Profits, Tribunal's Decision Upheld</h1> <h3>Commissioner Of Income-Tax Versus Sarabhai Chemicals Pvt. Limited (amalgamated With Alkapuri Investment Pvt. Limited)</h3> Commissioner Of Income-Tax Versus Sarabhai Chemicals Pvt. Limited (amalgamated With Alkapuri Investment Pvt. Limited) - [1992] 196 ITR 716, 104 CTR 318, ... The High Court of Gujarat dismissed the Commissioner of Income-tax's application as the Tribunal correctly found that no transfer of profits had occurred to another company. The Tribunal concluded that the assessee remained the rightful owner of the profits and the Income-tax Officer had not erred in allowing the claim. The Tribunal's findings were based on facts, and no question of law arose. The application was dismissed, and the rule was discharged with no order as to costs.
TaxTMI 