ACIT 5 (1), BHOPAL vs. M/S VINDHYA SOLVENT PVT. LTD., BHOPAL
In the result, Revenue’s appeal is dismissed
ITA 281/IND/2018[14-15]Status: DisposedITAT Indore18 Oct 2022
Bench: Ms. Madhumita Roy& Shri Bhagirath Mal Biyani
For Appellant: RespondentbyFor Respondent: Shri Sumit Nema, Sr
Section 142(1)Section 143(2)Section 143(3)Section 56(2)(viib)Section 68
viia) of the IT Act as per which, if any firm or a company receives any property being shares of a company, for a consideration which is less than the aggregate of FMV of the property bu an amount exceeding Rs. 50,000, the aggregate FMV of such property as exceeds such consideration shall be chargeable to income-tax under
