AJAY BAKLIWAL,KOTA vs. ACIT, CENTRAL CIRLE, KOTA, KOTA

In the result, the appeal of the assessee is partly allowed

section 132 of the Income Tax act together. The documents related to dissolution of JV of both of them were found from the premises of both the persons. Both of them accepted that the transaction in question was not loan but an accommodation entry against the settlement of dispute. In fact, some of the amounts as per seized paper

DCIT, JAIPUR vs. GODAWARI ESTATES PVT. LTD.,

reassessing the completed assessment. Assessee’s appeal fails in Gr No 1. 3.2 Ground No. 2 & 3: “Regarding addition of Rs. 2,00,00,000/- made by applying the provisions of section 56(1) of Income Tax Act, 1961 treating the share capital and premium thereon received from various companies as income of the assessee.” 3.2.1 Submission made: Relevant extracts

DEPUTY COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-3, JAIPUR vs. M/S N. M. AGROFOOD PRODUCTS PVT. LTD., SRIGANGANAGAR

In the result the appeal of the revenue is dismissed

viib) was 10 DCIT vs. M/s N. M. Agrofood Products Pvt. Ltd. introduced by Finance Act, 2012 effective from AY 2013-14. Thus the provision relating to allotment of share at share premium is not applicable in the year under consideration. iii) Date wise list of share application money received by company for allotment of shares is enclosed. From