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2 results for “TDS”+ Section 56(2)(viib)clear

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Key Topics

Section 56(2)(viib)5Section 143(3)2Section 682

RECONNECT ENERGY SOLUTION P LT,BENGALURU vs. THE DCIT 4(1) INDORE, INDORE

In the result, the appeal of assesse is partly allowed for statistical purposes

ITA 182/IND/2023[2016-17]Status: DisposedITAT Indore06 Dec 2023AY 2016-17

Bench: Shri Vijay Pal Raoreconnect Energy Solution Ltd. Dcit 1(4) No.22, Vk Kalyani, 7Th Floor Indore Vs. Sankey Road, Bengaluru (Appellant / Assessee) (Revenue) Pan: Aafcr 0074 H Assessee By Shri Anil Khandelwal, Ar Revenue By Shri Ashish Porwal, Sr. Dr Date Of Hearing 16.11.2023 Date Of Pronouncement 06.12.2023

Section 40aSection 56Section 56(2)(viib)

TDS, large share premium received during the year and mismatch in sales turnover. During the year the assesse has received share premium of Rs.13,17,080/-. On query the assessee explained that during the year under consideration the assessee has converted preferential shares into equity @ Rs.470 per share having face value of Rs.10 each. The AO asked the assessee

THE DY. CIT 4(1), INDORE vs. M/S. VIJAYSHRI PACKAGING LTD. , INDORE

ITA 721/IND/2019[2015-16]Status: Disposed
ITAT Indore
09 Feb 2021
AY 2015-16

Bench: Hon'Ble Kul Bharat & Hon'Ble Manish Boradassessment Year: 2015-16 M/S. Vijayshri Packaging Dcit-4(1), Vs. Limited, 34-C/2, Industrial Estate Laxmi Indore Bai Nagar, Indore (Revenue ) (Appellant) Pan No.Aabcv0048B C.O.No.11/Ind/2020 Assessment Year: 2015-16 M/S. Vijayshri Packaging Vs. Dcit-4(1), Limited, 34-C/2, Industrial Estate Indore Laxmi Bai Nagar, Indore (Appellant) (Revenue ) Pan No. Aabcv0048B Revenue By Shri Lal Chand, Cit Appellant By S/Shri Ajay Tulsiyan & Ranjan Agrawal, Cas Date Of Hearing 12.01.2021 Date Of Pronouncement 09.02.2021 O R D E R

Section 131Section 143(2)Section 143(3)Section 56(1)(viib)Section 68

56(2)(viib) of the Act, various documents to prove the creditworthiness of the three investors and genuineness of the transactions and the written submissions filed before First Appellate Authority. Ld. Counsel for the assessee also referred through the written synopsis contained 6 ITA No.721/Ind/2019 & C.O.11/Ind/2020 Vijayshri Packaging Limited. details of the corporate subscriber and the 3rd subscriber Pritesh Jain