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
Section 68
of the IT Act in relation to the conversion of loan into equity.
15. It further appears that the Second Appellate Tribunal has also
accepted the explanation for source of source provided by the
respondent/assessee. It further appears that the Second Appellate
Tribunal has examined the investment made by the concerned shareholder
company and has held that
