2011 (8) TMI 1359

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....(Assessment year : 2006-07) - -<br>Income Tax<br>-<br>DR. O.K. NARAYANAN, VICE-PRESIDENT AND SHRI HARI OM MARATHA, JUDICIAL MEMBER Department by : Shri T.N.Betgiri, JCIT/DR Assessee by : Shri K. Ravi, Advocate O R D E R PER HARI OM MARATHA, JUDICIAL MEMBER: The appeal by the Revenue and the cross objection by the assessee are directed against the order of the ld. CIT(A), Coimbatore, dated....

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....en merged with the assessee-company with effect from 1.4.2006 as per the order of the Hon&#39;ble Madras High Court passed on 1.9.2006 by specifically stating that "the transferor company viz. Meridian Industries Limited be and hereby dissolved being wound up". Apart from this, the main issue with regard to replacement of machinery regarding which it was claimed that claim of replacement of parts ....