TORRENT PHARMACEUTICALS LTD.,,AHMEDABAD vs. ACIT, CIRCLE-4(1)(2),, AHMEDABAD
In the result appeal of the Revenue is hereby partly allowed
ITA 1172/AHD/2019[2015-16]Status: DisposedITAT Ahmedabad26 Feb 2024AY 2015-16
Bench: Shri Waseem Ahmed & Ms. Madhumita Roy
For Appellant: Shri Vartik Choksi, With Shri DhrunalBhatt, ARsFor Respondent: Shri Ritesh Parmar, CIT-DR
Section 143(3)Section 14ASection 35Section 43BSection 80
Capital Infusion.
55. The TPO found that the assessee during the year has made payment of share application money to the following AEs:
S.
Name of AE
Amount in Rs.
Date of Date of share
No.
payment allotted
1
Zao Torrent Pharma
20,51,66,850/-
08-08-2012
28-03-2013
2
Zao Torrent Pharma