MYNAH INDUSTRIES LTD.,HOSUR vs. ITO TDS WARD, SALME
In the result, the assessee’s appeals in I
ITA 2437/CHNY/2018[2011-12]Status: DisposedITAT Chennai03 Sept 2019AY 2011-12
Bench: Shri N.R.S. Ganesan & Shri Inturi Rama Raoआयकर अपील सं./Ita Nos.2433, 2434, 2435, 2436 & 2437/Chny/2018 "नधा"रण वष" /Assessment Years : 2014-15, 2015-16, 2014-15, 2012-13 & 2011-12 M/S Mynah Industries Ltd., The Income Tax Officer, No.66, Mugalapalli Village, V. Tds Ward, Salem. Hosur – 635 105. The Assistant / Deputy Commissioner Of Income Tax, Pan : Aabcr 5484 M Circle(1), Hosur. (अपीलाथ"/Appellant) (""यथ"/Respondent)
For Appellant: NoneFor Respondent: Shri V.M. Mahidar, JCIT
Section 194ASection 201(1)Section 56(2)(viib)
56(2)(viib) of the Act towards share premium.
8. Shri V.M. Mahidar, the Ld. D.R., submitted that the assessee has received large amount of share premium to the extent of ₹45,61,32,384/-. The Assessing Officer found that the assessee has received share premium in excess of fair market value.
Therefore, according to the Ld. D.R., the excess
