2002 (7) TMI 16

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....West Bengal State Financial Corporation formed under the State Financial Corporations Act, 1951, had invested in shares of various companies and the investments aggregated to Rs. 14,05,785. In the order of the Tribunal the names of the four companies are given. In the assessment year 1992-93, the assessee-corporation wrote off the above said as a bad investment and stated that "there is no p....