2 results for “section 68”+ Section 112clear
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112/- as on 01.04.2011 with the appellant and the total reserve of the company was less than the amount of advance given. The fresh loan of Rs.25,000/- and Rs.3,68,000/- by account payee cheque was for the purposes of business. M/s Khatore Earthmovers Pvt. Ltd. had earned profit of Rs.15,376/- for financial year 2011-12, as such