RADHAMADHAV REALCON PVT.LTD,,PUNE vs. JOINT COMMISSIONER OF INCOME-TAX, RANGE - 10,, PUNE
ITA 137/PUN/2018[2013-14]Status: DisposedITAT Pune25 Sept 2018AY 2013-14
Bench: Shri D.Karunakara Rao, Am & Shri Vikas Awasthy, Jm आय आयकर आय आय कर कर अपील कर अपील अपील संसंसंसं. / Ita No.137/Pun/2018 अपील िनधा"रण िनधा"रण वष" िनधा"रण िनधा"रण वष" वष" / Assessment Year : 2013-14 वष"
For Appellant: Shri Rakesh MohanFor Respondent: Shri B. Kishore (CIT)
Section 269TSection 271Section 271E
price of the shares, then such cases are saved by reasonable cause.
In the instant case, allotment of preference shares does not represent an empty formality. On the contrary, Shares of RM are overvalued arbitrarily
'without any basis and the same are issued to square off the deposits received.
13. Based on the above discussion it is clear that