M/S. BHARAT CERA GLASS LIMITED,BHILWARA vs. ITO, WARD-3, BHILWARA
In the result, both the grounds of appeal raised by the assessee are dismissed
ITA 411/JODH/2017[2013-14]Status: DisposedITAT Jodhpur10 Aug 2023AY 2013-14
Bench: Shri Pavan Kumar Gadale & Dr. Dipak P. Ripoteassessment Year : 2013-14 M/S Bharat Cera Glass Limited, Income Tax Officer, 1-B-24, Shashtri Nagar, Vs Ward-3, Bhilwara Bhilwara Pan: Aaecb4366K Appellant / Assessee Respondent / Revenue
Section 143(3)Section 56(2)(viib)
79,66,703/
(961703+15000+990000)
Creditors+ Audit Fees+ Outstanding Payable)
Total liabilities
Rs. 84,86,703/-
Fair market value per share; 2,31,37,729 (-) 84,86,703 i.e.
14651026/4,00,000 i.e. Rs. 36.62."
As the fair market value of the equity shares issued by the company computed as per rule 11UA comes to Rs. 36.62 per share