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Showing contexts for: Incest in Acit Circle-2(2), New Delhi vs Anarock Incestment Advisors Pvt Ltd, ... on 19 April, 2024Matching Fragments
3. During the year, the assessee company has received share application money from two entities namely M/s. Khushi Trust, IC North West Avenue, Delhi of Rs. 1,00 ,00,000 and from Jones Lang LaSalle India Investment Management Pte. Ltd. (JLL), 9, Raffles Place Republic Plaza, 39, Singapore of Rs.2,30,30,000/-.
2 ITA No. 7832/Del/2019Anarock Incestment Advisors Pvt. Ltd.
8. Before the ld. CIT(A), the assessee has provided additional evidences viz ., the permission to receive money in India, accounts of the investor, confirmation of inves tor and other Anarock Incestment Advisors Pvt. Ltd.
details. The ld. CIT(A) held that M/s John Lang LaSalle India Investment Pvt. Ltd. (JLL) is o ne of the joint ve nture partner, holding 49% s take in the assessee company and it is an existing share holder. Owing to the submission o f additio nal evide nces, confirmation, permissio n for Foreign Exchange and allotment of share s, other documentation to receive this fund such as FC- GPR and letter from the bank etc. the ld. CIT (A) held that assessee is able to prove the identity, creditw orthines s and genuineness of transaction and therefore this a ddition is not calle d for.