2020 (7) TMI 21

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....AND HON'BLE MR. JUSTICE M. NAGAPRASANNA APPELLANTS (BY E I SANMATHI, ADV.)   RESPONDENT (BY SRI SURYANARAYANA, ADV. FOR SRI V.VINAY GIRI, ADV.)   JUDGMENT Sri E.I.Sanmathi, learned counsel for the appellant - Revenue. Sri T. Suryanarayana, learned counsel for Sri V. Vinay Giri, learned counsel for the respondent - assessee. This appeal is filed under Section 260A of th....

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.... I.T. Act ignoring the provisions of sub Section 7A of Section 10A, which provides for continuance of benefit under Section 10A in the hands of a transferee company only in situation of demerger or amalgamation but not in a situation of slump sale? 3. Whether the Tribunal's order can be said as perverse in nature as tribunal has relied on the earlier orders of Tribunal in the case of M/s.....

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....0A should be computed in the above manner following the judgment of jurisdictional High Court in the case of CIT Vs. Tata Elxsi Ltd., which has not become final since the same has not been accepted by the department and SLPs are pending before the Hon'ble Supreme Court?"   3. When the matter is taken up today, learned counsel for the parties submitted that the substantial questions of law ....