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Sutlej Cotton Mills Ltd. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Kolkata

Reported in : (1993)45ITD22(Kol.)

..... assets.22. even by the time the balance-sheet was annexed to the auditors' report dated november 12, 1987, the assessee had already sold shares in grasim industries ltd., hindustan aluminium corporation and tunga-bhadra industries ltd. on may 13, 1987 and september 21, 1987.23. in the balance-sheet as at march 31, 1987, the value of the remaining quoted investments .....