https://www.taxtmi.com/caselaws?id=35729 The High Court of Bombay ruled that the lease granted to the respondent-company constituted a transfer within the meaning of section 84(2)(ii) of the Income Tax Act, 1961. The court emphasized that compliance with all conditions under section 84 was necessary for the respondent-company to claim relief for industrial undertakings. The Tribunal was directed to address unresolved aspects, including the application of the Explanation to section 84. The court reframed the issue to focus on the controversy surrounding the lease, ultimately deciding in favor of the respondent-company. en-us Thu, 04 Dec 1980 00:00:00 +0530 Tue, 16 Mar 2010 13:15:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35729 The High Court of Bombay ruled that the lease granted to the respondent-company constituted a transfer within the meaning of section 84(2)(ii) of the Income Tax Act, 1961. The court emphasized that compliance with all conditions under section 84 was necessary for the respondent-company to claim relief for industrial undertakings. The Tribunal was directed to address unresolved aspects, including the application of the Explanation to section 84. The court reframed the issue to focus on the controversy surrounding the lease, ultimately deciding in favor of the respondent-company. Case-Laws Income Tax Thu, 04 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35729