INCOME TAX OFFICER, WARD 5(3),, NAGPUR vs. M/S. 21ST CENTURY INFRASTRUCTURE (INDIA) PVT. LTD., NAGPUR
In the result, the appeal of the Department is dismissed
ITA 207/NAG/2017[2012-13]Status: DisposedITAT Nagpur28 Jun 2022AY 2012-13
Bench: Shri Sandeep Gosain, Jm & Shri Arun Khodpia, Am
For Appellant: Shri MahaveerAtal, CAFor Respondent: ShriPiyushKohle, CIT-DR
Section 133(6)Section 143(1)Section 143(2)Section 143(3)Section 56
3), JAIPUR VS
21st CENTURY INFRASTRUCTURE (INDIA) PVT.
LTD. NAGAPUR the cases of Gagandeep Infrastructure (P) Ltd. ITA No.
5784/Mum/2011 and Green Infra Ltd. v. ITO 38 Taxman 253
(Mum-ITAT) wherein it is held that it is the prerogative of the board of directors of the company to decide the share premium and it is the wisdom
