Indian Kanoon - Search engine for Indian Law

public are substantially interested), and the sum so credited consists of share application money, share capital, share premium or any such amount by whatever name

Companies Act raise their capital through shares, various persons would apply for shares and thus give share application money. These amounts received from such shareholders ... names or benami, but the fact that share applications received from different places accompanied with share application money, no presumption can be drawn that same

parties from whom it has received share application money by filing copy of application for subscription of shares, confirmations, copy of Company Master Data from ... money. For this purpose, the assessee in receipt of money (by whatever name called, including in the form of share application money credited

statements, particulars of cheques received towards share application money and confirmation relating to the share application money received during the year from Hallmark Healthcare Limited ... shares of the petitioner company. It was also pointed out that the petitioner company had recorded all the facts of receipt of share application money

Companies Act raise their capital through shares, various persons would apply for shares and thus give share application money. These amounts received from such shareholders ... names or benami, but the fact that share applications received from different places accompanied with share application money, no presumption can be drawn that same

been able to prove the identity of the share applicants and the share application money had been received by way of account payee cheques ... share brokers through whom the transactions took place and photocopies of confirmations of persons who had contributed the fresh share application money. The assessees furnished

share application money has been received through Rajyaguru & Associates along with the share application forms, the AO should have examined the share broker before ... regarding share application money and he is not satisfied that the true nature of share application money is of capital receipt, he can invoke Section

which shares have not been allotted. The Ld. AR has confirmed that till date no shares have been allotted against the share application money ... their share holding, their GIR and PAN Number if they are assessed to tax, nature and source of share capital, share application money, pending allotment

details   of   interest   on   share   application   money.     The Respondent stated that the details of interest income on share application money was already furnished at Annexure ... share   application   money would normally have to be returned to unsuccessful applicants, and   therefore,   the   entire   share   application   money   would   not 8 ultimately be appropriated

purposes of this section,- (a) "loan" includes debentures or any deposit of money made by one company with another company, not being a banking company ... credit of the securities premium account but shall not include share application money