https://www.taxtmi.com/caselaws?id=206331 The court affirmed the applicability of Section 32A(5) of the Income-tax Act to the transfer of the entire division, including plant and machinery, and upheld the imposition of interest under Section 234B. The court ruled in favor of the Revenue, dismissing the appeals and finding no merit in the arguments presented by the assessee. en-us Mon, 25 Apr 2011 00:00:00 +0530 Mon, 17 Dec 2012 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206331 The court affirmed the applicability of Section 32A(5) of the Income-tax Act to the transfer of the entire division, including plant and machinery, and upheld the imposition of interest under Section 234B. The court ruled in favor of the Revenue, dismissing the appeals and finding no merit in the arguments presented by the assessee. Case-Laws Income Tax Mon, 25 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206331