DECENT INDUSTRIES P. LTD.,BHOPAL vs. ITO-1(2), BHOPAL
Appeal is partly allowed
ITA 356/IND/2023[2012-13]Status: DisposedITAT Indore20 Aug 2024AY 2012-13
Bench: Shri Vijay Pal Rao & Shri B.M. Biyani(Virtual Hearing) Assessment Year: 2012-13 M/S Decent Industries Ito-1(2), Private Ltd, Bhopal 5Th Floor, Corporate Park, बनाम/ Db City Area Hills, Vs. Opp. M.P. Nagar Zone I, Bhopal (Assessee/Appellant) (Revenue/Respondent) Pan: Aaeca6271G Assessee By Ms. Shilpa Gupta & Shri N.K. Gupta Revenue By Shri V.K. Singh, Cit-Dr Date Of Hearing 04.06.2024 Date Of Pronouncement 20.08.2024
Section 133ASection 143(2)Section 147Section 148Section 14ASection 68
price of Rs.
1,000/- (inclusive of premium of Rs. 990/- per share) to two ‘Kolkata-based
shell companies’ named M/s Ajay Software Pvt. Ltd. [“A”] and M/s Jay Hind
Financial Advisors Ltd. [“J”] on 31.03.2012 and received proceeds of Rs.
66,91,70,000/- in financial year 2011-12 relevant to AY 2012-13 under
consideration. The details