{"id":37134,"date":"2023-09-06T15:08:59","date_gmt":"2023-09-06T09:38:59","guid":{"rendered":"https:\/\/itatonline.org\/digest\/iris-engineering-industries-p-ltd-v-dy-cit-2022-216-dtr-255-218-ttj-575-chennaitrib\/"},"modified":"2023-09-06T15:08:59","modified_gmt":"2023-09-06T09:38:59","slug":"iris-engineering-industries-p-ltd-v-dy-cit-2022-216-dtr-255-218-ttj-575-chennaitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/iris-engineering-industries-p-ltd-v-dy-cit-2022-216-dtr-255-218-ttj-575-chennaitrib\/","title":{"rendered":"IRIS Engineering Industries (P) Ltd. v. Dy. CIT (2022) 216 DTR 255 \/ 218 TTJ 575 (Chennai)(Trib)"},"content":{"rendered":"<p>Held that the Assessee-company\u00a0 has not disclosed the relevant details viz., date of order of sanction of amalgamation by the High Court, appointed date, effective e and the date on which the certified copies of the order of the High Court sanctioning the scheme of amalgamation were filed with Registrar of Companies. Order of Revision is held to be valid.\u00a0 The\u00a0 Tribunal also held that the AO has\u00a0 accepted the claim of exemption under s. 54G by accepting copy of agreement for sale and the contents of the assessee&#8217;s letter without making any enquiry.\u00a0 Revision was held to be valid. (AY.2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner-Revision of orders prejudicial to revenue-Amalgamation-Non-existing company-Not filed the details of effective date of transfer-Assessing Officer was not aware of merger-Revision is held to be valid-: Capital gains-Shifting of industrial undertaking from urban area.  [S. 54G] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-37134","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9EW","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=37134"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37134\/revisions"}],"predecessor-version":[{"id":37135,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/37134\/revisions\/37135"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=37134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=37134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=37134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}