Sait Nagjee Purushotham & Co. vs Commissioner Of Income Tax
Whether the assessee firm was entitled to relief under section 25(4) of the Indian Income Tax Act, 1922, upon transfer of its business to a limited company in 1948, based on the continuity of a business charged to tax under the 1918 Act and carried on as of 1st April 1939 --- Held No.
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