ASSISTANT COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-2(4), PUNE vs. SANGHVI BEAUTY AND TECHNOLOGIES PRIVATE LIMITED , PUNE

In the result, both the appeal filed by the Revenue as well\nas Cross Objection filed by the assessee are allowed for\nstatistical purposes

viib) of the Act will not\nbe applicable if the consideration for issue of share is received\nby a Venture Capital Undertaking from a Venture Capital\nCompany or Venture Capital fund or a specified fund. We\nfurther observe that ld.CIT(A) while deleting the impugned\naddition has dealt with the investments received from Ascent\nPrivate Equity Trust and M/s. Wipro

M/S ACCORD MEDIPLUS PVT LTD,PUNE vs. INCOME TAX OFFICER, WARD-1(1), PUNE, PUNE