THE COMMISSIONER OF INCOME TAX AND ANR. vs. M/S GOLDSTONE CEMENTS LTD.
ITA/8/2022HC Gauhati16 Dec 2024
Bench: HONOURABLE MR. JUSTICE LANUSUNGKUM JAMIR,HONOURABLE MR. JUSTICE KAUSHIK GOSWAMI
For Respondent: Dr. A. Saraf, Senior Advocate
Section 132Section 153ASection 260ASection 68
2(1), Kolkata. The shareholder had explained the strategic business
objective behind infusion of share capital into the assessee company,
for the reason that it was in the last leg of completion and
commissioning of its cement plant. It is noted that the investment was
made at the fair market value computed in terms of Rule 11UA of the
Rules
