impounded/seized & from the submissions of Pradeep
Kumar Jindal and dummy Directors of his front companies, it was
found that Pradeep Kumar Jindal provided ... front
companies for providing accommodation entries of various nature.
Statements of dummy Directors were recorded.
3. Assessing Officer received the information that in the case
through different jama-kharchee companies
formed by you by appointing different dummy directors, Please also note that
different dummy directors such as Prarnod Rarndln . Sharma ... statement of mind and health. I have appointed different persons as dummy
directors. Some of the persons are Pramod Ramdin Sharma, Umesh Singh, Neeraj
Kedia
their companies for giving accommodation
entries. He then appoints dummy Directors in such companies and opens a bank
account of such companies in Mumbai which ... company through synchronized trading.
o The Directors of the company are dummy directors and the effective
control and management of the company was with
falsify the fact that all the directors of these companies
were dummy director and controlled and managed by entry providers ... assessee company was originally controlled
and managed by him through dummy directors who functioned as per his directions.
Referring to his statement extracted
found that Shri Sharma
had admitted that he was only a dummy director and knew nothing
about the share transactions.
12. During the course ... Shri Sampat Sharma who admittedly accepted that he
was only a dummy director and knew nothing about the share
allotment to these companies. However
also disclosed that the directors
of M/s. NCPL are dummy directors namely, Shri Sushil Kumar Bhatter, Shri Manish
Sharma and Shri Raj Kumar Bhotika ... statement of Mr. Bhatter that he (Mr. Bhatter) is a dummy
director and M/s. NCPL is not controlled by him and according
directors but were
appointed as Directors for the sake of day to day administrative convenience. Simply
because a Director is not a promoter director ... cannot be branded as a dummy
director.
16. Simply because the amount of loan advanced by each of the eight companies
was more than
surveys and the submission of Shri Pradeep Kumar
Jindal and dummy directors of his front companies has
established beyond doubt that Shri Pradeep Kumar Jindal ... iarge number of companies run/controlled/managed by
him through his dummy directors, intermediaries and
clients seeking accommodation entries. The digital data
impounded during
cash to a large number of
beneficiary companies thorough various paper and
dummy companies floated and controlled by them. It
was also evidently established ... firms. They
control these entities through various persons by
appointing them as directors/partners/proprietors
apart from nominating them as authorized signatories
for maintaining
detected by the Department during the investigation carried out by the
Directorate of Investigation, Kolkata, Delhi etc. and which has been upheld ... times. This is done through low volume
transaction indulged in by the dummies of the operator at a pre-determined price.
Thus
