BRAMHANI INDUSTRIES LIMITED, JAMMALAMADUGU,KADAPA vs. DCIT, CIRCLE-1(3), HYDERABAD, HYDERABAD
In the result, appeal of the assessee is partly allowed and the appeal of the Revenue is dismissed
ITA 512/HYD/2017[2010-11]Status: DisposedITAT Hyderabad06 Jan 2022AY 2010-11
Bench: Shri A. Mohan Alankamony & Sri Chandra Mohan Garga.Y. 2010-11 Bramhani Industries Limited, Vs. Dcit, Jammalamadugu. Circle-1(3), Pan: Aadcb 1666 M Hyderabad. (Appellant) (Respondent) Ay: 2010-11 Dcit, Vs. Bramhani Industries Circle-1(2), Limited, Hyderabad. Jammalamadugu. Pan: Aadcb 1666 M (Appellant) (Respondent) Assessee By Sri Gowtham Jain Revenue By Sri K.V. Aravind, Sr. Standing Counsel For Dr Date Of Hearing: 12/10/2021 Date Of Pronouncement: 06/01/2022 Order
Section 144Section 234ASection 249(3)Section 68
section 68 of the Act.
From the balance sheet filed by the assessee, the Ld. AO observed that the assessee company had received aggregate amount of Rs.
311,88,97,970/- towards share subscription from various parties as detailed herein below:
Sl
Name of the shareholder
No. of shares
Amount
Amount no received upto received upto
31/3/2010
31/3/2009
