CHHATTISGARH METALIKS AND ALLOYS PVT. LTD.,RAIPUR vs. INCOME TAX OFFICER -3(3), RAIPUR
In the result, appeal of the assessee is allowed in terms of our aforesaid observations
ITA 114/RPR/2021[2015-16]Status: DisposedITAT Raipur13 Mar 2023AY 2015-16
Bench: Shri Ravish Sood & Shri G D Padmahshaliआयकर अपील सं./ Ita No.114/Rpr/2021 "नधा"रण वष" / Assessment Year : 2015-16 Chhattisgarh Metaliks & Alloys Private Limited Mohini B-5, Merlin Jayashree Vihar, Mandi Gate, Pandri Tarai, Raipur (C.G.)-492 001 Pan : Aadcc9242J .......अपीलाथ" / Appellant बनाम / V/S. The Income Tax Officer-3(3), Raipur (C.G.) ……""यथ" / Respondent
For Appellant: Shri Abhishek Mahawar, CAFor Respondent: None
Section 143(2)Section 143(3)Section 271(1)(c)Section 56(2)(viib)Section 68
viia) of the Act shall not be applicable in cases of receipt of shares by the specified company or firm as a result of fresh issuance of shares including those by way of issue of bonus shares, right shares and preference shares. Although the aforesaid circular was, thereafter, withdrawn, but in our considered view, as the provisions of Sec.
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