INCOME TAX OFFICER-3(2), LUCKNOW vs. M/S DEV BHOOMI PROMOTERS & DEVELOPERS PVT. LTD., LUCKNOW
In the result, the appeal of the Revenue stands dismissed
ITA 116/LKW/2017[2012-13]Status: DisposedITAT Lucknow24 Aug 2021AY 2012-13
Bench: Shri A. D. Jain & Shri T. S. Kapoorassessment Year:2012-13
viib) of sub- section (2) of section 56 of the I.T. Act, 1961 has been inserted vide Finance Act, 2012 w.e.f. 01.04.2013 and no other provision was in existence during the present year which deals with such kind of transaction; and b. The appellant is not engaged in the business of raising finance through offer of equity
