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
50,814/- paid by them,
his action of not accepting the balance sum of Rs.32,94,00,000/-, is
held to be un tenable/un-reasonable/irrational being arbitrary.
(iii) From the audited financial statements furnished, which are found
placed at Pages 1180 to 1195 of the paperbook, it is noted that the
company was having sufficient own funds in the form
