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
69D.
2.4
To substantiate the quantum of share premium the assessee had submitted that the promoters of the assessee company are renowned entrepreneurs having experience of more than 25 years. The assessee company was planning to diversifying into new businesses of establishing a 10MW Biomass based powerplant, opening a hotel and starting a TV channel.
2.5
It was on seeing
