https://www.taxtmi.com/caselaws?id=7626 Section 10A of the Excess Profits Tax Act applies where the Excess Profits Tax Officer is satisfied that a transaction's main purpose was avoidance or reduction of excess profits tax liability. On the facts, the contention that a new business had come into existence, or that the matter was governed by general provisions on charge, change in constitution, or succession of business, was rejected. The firm was found to have continued, the change at Farrukhabad was limited, and the Tribunal's finding of tax avoidance was accepted. The special anti-avoidance provision was treated as prevailing over the general provisions relied upon by the assessee. en-us Thu, 31 Jul 1969 00:00:00 +0530 Thu, 05 Mar 2009 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7626 Section 10A of the Excess Profits Tax Act applies where the Excess Profits Tax Officer is satisfied that a transaction's main purpose was avoidance or reduction of excess profits tax liability. On the facts, the contention that a new business had come into existence, or that the matter was governed by general provisions on charge, change in constitution, or succession of business, was rejected. The firm was found to have continued, the change at Farrukhabad was limited, and the Tribunal's finding of tax avoidance was accepted. The special anti-avoidance provision was treated as prevailing over the general provisions relied upon by the assessee. Case-Laws Income Tax Thu, 31 Jul 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7626