The Pr. Commissioner Of Income Tax, Ludhiana v. M/S. Genex Industries Ltd.

   

  
 

     



 
    !"#$ %%  & '() 
$# *% 

   !
 "
  !
#!
 $%&%'( 

$)*%&+,)(-+.!%'/$!()'0/'12'&%3)'0

&$/0+/)&4/'0%$!)'0+2.2'/$!()'0/'12'&%3

$(+%)55%33)'(  +,,-./.
)"/ +/&$0%$&+)330/&5&% 
& . 6)'0 7

.

)&&/8/3)$92%&(/'&)$%$)/&%0 +%$%:%'2%+)& /3%0(+%)55%)3&2'0%$!%-(/';

 (+%
'-8%)<-(. ; = $&+$(.(+%-(>$(+%&)?% -':%'/%'-%.

)-(& $8


+):%@%%'()?%'334/'1&2@&()'(/)3 92%&(/'& 3)4+):%@%%'-3)/8%0

A=/> "+%(+%$/'(+% )-(&)'0-/$-28&()'-%& (+%-)&%.(+% $0%$ '@3%
/&5%$:%$&%)&/(+)&/1'$%0(+%3)-? @2&/'%&&52$5&%)'0-88%$-/)3%<5%0/%'-B (+% ($)'&)-(/'  )'0  0%-/0%0  (+%  /&&2%  '3B  '  )--2'(  

):)/3)@/3/(B    /'(%$%&(  $%%  2'0&  4/(+  (+%  )&&%&&%% -85)'B =//>"+%(+%$/'(+% )-(&)'0-/$-28&()'-%& (+%-)&%)'0/'

 3)4.(+%'@3%
+)&%$$%0/'-'

/$8/'1(+%0%-/&/'

(+%
=>4/(+2(%<)8/'/'1(+)((+%($)'&)-(/'4)& 4/(+2(  )'B  @2&/'%&&  -'&/0%$)(/'  $  -88%$-/)3 %<5%0/%'-B)'0(+%$% $%.(+%/'(%$%&(-3)/8%0'@$$4%0

2'0&4)&'()334)@3%2C&D;= >=///> (+%
'-8%)< -(. ;  =///>"+%(+%$(+%/8521'%0$0%$0)(%0D   65)&&%0@B
/&&2&()/')@3%/'(+%%B%& 3)4$8)/'()/')@3%/'

(+% )-(&)'0-/$-28&()'-%& (+%-)&%E +% )-(&/'@$/% )$%(+)((+%)&&%&&8%'(B%)$/':3:%0/& F D+%&&%&&/'1

/-%$02$/'1)&&%&&8%'(5$-%%0/'1&'(/-%0(+% )-( (+)((+%)&&%&&%%+)01/:%'/'(%$%&( $%%)0:)'-%&(/(&1$25-'-%$'&@2( 4)&-3)/8/'1/'(%$%&(%<5%'&%&'@$$4%0-)5/()3+%)&&%&&8%'($0%$ 0)(%0D D ;4)&5)&&%02'0%$!%-(/' GD (+%-(.0/&)334/'1 /'(%$%&(-3)/8%02'0%$!%-(/'D;= >=///> (+%-(+%88/&&/'%$

'-8%)<=55%)3>=+%$%/') (%$$% %$$%0()&(+%55%33)(%2(+$/(B> 5)$(3B)334%0(+%)55%)3:/0%$0%$0)(%0 6.-'&/0%$/'1(+% )-( (+)((+%$%4%$%&2

/-/%'(/'(%$%&( $%% 2'0&):)/3)@3%4/(+(+%)&&%&&%%

$84+/-+/'(%$%&( $%%3)')'0)0:)'-%&4%$%8)0%
(4)&+%30(+)((+%

/'0/'1$%-$0%0'($)'& %$ /'(%$%&(@%)$/'1 2'0&((+%1$25-'-%$'& -)''(@%&2&()/'%000/(/'8)0%@B0/&)334/'1(+%/'(%$%&(-3)/8%0 2'0%$!%-(/'D;= >=///> (+%-(4)&&%()&/0%+%$%:%'2% /3%0)'

)55%)3@% $%(+%$/@2')3+%)55%)34)&0/&8/&&%0'D   6+% $/@2')325+%30(+% /'0/'1 (+%55%33)(%2(+$/(B(+)((+%$%4%$% &2

/-/%'(/'(%$%&( $%% 2'0& $)0:)'-/'13)'((+%1$25-'-%$'& %3/)'-%4)&53)-%025')0%-/&/' (+/&2$(/'01,%

D !#&

 
  " 234 !
* 5 %)$'%0-2'&%3 $(+%$%:%'2%/&'(/')5&/(/'(0/&52(% (+)((+%8)((%$4/(+$%1)$0(0/&)334)'-% 0%02-(/'2'0%$!%-(/'

D;= >=///> (+%-(/&-:%$%0/' ):2$ (+%)&&%&&%%@B(+%0%-/&/'

(+/& 2$(  /' 01 ,% !#6 $%! )'0   (+% !25$%8%2$(/' -0$ #&

 
 

%% !"

5 !-

 54%:%$./(/&)$12%0(+)((+% $/@2')3+)&'(0%-/0%0(+%/&&2% -88%$-/)3%<5%0/%'-B $8)?/'1 )0:)'-%&((+%1$25-'-%$'& (+%)&&%&&%%+%$%/&'0/&52(%$)/&%0 (+)()0:)'-%&8)0%((+%1$25-'-%$'&4%$% (+%)&&%&&%% $%:%$.

(+%&)/0/&&2%4)&'%:%$5$%&&%0@% $%(+%$/@2')3)&/&%:/0%'( $8(+% $0%$(+/'1+)&@%%'5$02-%0(&+4(+)((+%/&&2%4)&$)/&%0)'0 5$%&&%0)((+%(/8% )$12/'1(+%)55%)3 $(+%$%)&'&8%'(/'%0)@:%.'/'(%$ %$%'-%/&-)33%0 $ /'(+%$0%$ (+%$/@2')3 +%)55%)3&)$%0/&8/&&%0 +,,-./.
)!/7,8*
!  /9),/9), G  

8?

"+%(+%$&5%)?/'1C$%)&'%0

%&C "+%(+%$$%5$()@3%

%&C