entered into two share
purchase agreements with Embassy Ventures Office Pvt. Ltd. (hereinafter
referred to as Embassy) on 23.04.2014. The plaintiff and Mrs. Ranjana Garg ... Jitendra Virwani was
holding the position of a Chairman of the Embassy Group at the time when
the transaction took place. A Non-Solicitation
cases of Kolhapur and consequently
survey was carried out at Embassy Group of cases at
Bengaluru including M/s.Dynasty Developers Pvt. Ltd. AO
found
stated hereunder in brief:
The assessee company belongs to the Embassy Group and is involved in the
business of real estate development. The original assessment ... operations were conducted under section
133A of the Act in the Embassy Group of cases including the assessee herein. The
impounded materials revealed that
premium) (in (including
Rs.) premium)
Outstanding
(in Rs.)
1. M/s. Groupe 712A, Embassy Indian Body 25,000 3,12,50,000 Nil
Veritas Limited
Embassy at Berlin, Germany namely Shri Sudhanshu Pandey,
Director, Tagore Centre, Berlin and Shri Amit Dasgupta, the then
Charge d' Affairs of Indian Embassy ... correspondence with Indian Embassy,
Berlin, it has been established that there was no requirement of such
group in Berlin, in September 2005. However, Rakesh Kumar
crores in shares of group company UPPL. The AO had taken into
consideration the interest free advances made to various group concerns ... commercial expediency in respect of the amounts advanced to Embassy
Property Development (P) Ltd and Embassy Real Estate and Properties
Holding (P) Ltd. Similarly with
seizure
action in case of Madan Kolambekar and M/s Jai Corp Group of cases. The
said search and seizure action was carried under section ... conducted in one of the office of Jai Corp group at their office at Embassy
Centre, Nariman point, Mumbai. During the course of survey operation
issued by Embassy of India, Kathmandu.
(iv) Identity Certificate issued by Embassy of India, Kathmandu.
(v) Persons in the age of group of above ... Driving license, CGHS card, Ration card etc.
(vi) Children between the age group of 15 to 18 years may be allowed to travel between India
foreign source, i.e., Indian embassy, Moscow
cannot bring home the charge of undervaluation in the
case of Bhatia Group and Sunderlal Group as none
foreign source, i.e., Indian embassy, Moscow
cannot bring home the charge of undervaluation in the
case of Bhatia Group and Sunderlal Group as none
