SRI.SHERAFUDDIN B.P>,PALAKKAD vs. THE ITO, WD-1, PALAKKAD, PALAKKAD

In the result, the appeals of the assesses are partly allowed for statistical

Bench: Shri Gorge George K.

price of shares of M/s. Menco Electricals (P) Ltd at Rs.90 lakhs instead of Rs.25 lakhs. Both the buyers and the sellers of shares filed objection to the proposal of the Assessing Officer, by stating that the agreement was forged agreement and this is evident from the signatures of Shri B.P. Sheraffudin and his wife. It was stated that

SRI.RAMESH R, L/H OF LATE K.RAVINDRANATHAN,PALAKKAD vs. THE ITO, WD-1, PALAKKAD, PALAKKAD

In the result, the appeals of the assesses are partly allowed for statistical

Bench: Shri Gorge George K.