1970 (4) TMI 26

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....ase bear an uncanny parallel with the facts which gave rise to Civil Appeal No. 2184 of 1966: Madhowji Dharamshi Mfg. Co. Ltd. v. Commissioner of Income-tax, Bombay. Shapurji Broacha Mills Ltd.-hereinafter called 'the assessee'-was another flourishing concern. Till October 7, 1946, the assessee was managed by the Provident Investment Company Ltd. The shares of the assessee were taken over by th....

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.... year of assessment for 1951-52 was disallowed by the Income-tax Officer. That order was confirmed by the Appellate Assistant Commissioner and by the Income-tax Appellate Tribunal. An application under section 66(1) for raising questions of law and for submitting a statement of the case was rejected by the Tribunal, and the High Court of Bombay declined to call for a statement of the case. The ....