respect of sale
of shares of M/s. GCM Securities Ltd.
3. Brief facts of the case as observed by the AO at Para ... chip securities inter
alia including Reliance Industries Limited, Power Grid Corporation of India Ltd, Tata Steel
Limited, Bharti Airtel Limited, Coal India Ltd
assessee purchased 24,000 shares of M/s GCM Securities Ltd. for `
4,80,000, in IPO (Initial Public Offer). The shares have been sold ... Capital gain on sale of shares of
GCM Securities Ltd. is Rs.1,45,93,436/-. It is concluded that
entire amount of sale
respect to sale of shares of
M/s.GCM Securities Ltd. Assessee purchased 24000 shares of
M/s.GCM Securities Ltd ... sale of shares of
M/s GCM Securities Ltd. is disallowed u/s 68 of the Act 1961 and
added to total income
with
respect to many listed companies which included the name of GCM
Securities Limited, and the assessee was one of the beneficiary of
availing exempt ... dated 03.10.2017 relating to GCM
Securities Ltd. shares and Akshar Chem (India) Ltd. shares as
follows:
"3. GCM Security: The assessee has applied
assessment order.
24. There is no BSE or SEBI enquiry even initiated as regards GCM securities
Limited is concerned as certified by the said company ... notice received by any irregularity or default by
BSE/SEBI as certified by GCM securities Ltd.
37. Even in cash trail of 1570 crores spread
treating entire sale proceeds of equity shares of M/s
GCM Securities Limited as Income from Other Sources amounting to
Rs 38,30,904/- consisting ... purchase price of equity shares of
GCM Securities Ltd Rs 3,90,000/- without any reason and in making
further addition
Sebi vs Gcm Securities Ltd. on 12 January, 2006
ORDER
Madhukar, Member
1. BACK GROUND
1.1 M/s GCM Securities Ltd (hereinafter referred ... hereby impose a minor penalty of censure on M/s GCM Securities Ltd. (INB230793439), member National Stock Exchange.
4.2 This order shall come into force
respect of sale of shares of GCM Securities Ltd, for which
2
ITA No.91/KOL/2022
Jyoti Swaroop Kashuka (HUF)
AY 2015-16
grounds ... noted that assessee has sold 8000
shares of one scrip GCM Securities Ltd for sale consideration of ₹
6,86,400/- on 09.12.2014. Since name
various dates from 02/02/2011
through SEBI registered broker (No. INB 010793439), M/s GCM Securities Limited (BSE
Code 6250). In this process ... payment from the Bombay
Stock Exchange through the SEBI registered broker M/s GCM Securities Limited. The AO,
we note has not spelled out specifically
various dates from 02/02/2011 through SEBI registered broker (No. INB 010793439), M/s
GCM Securities Limited (BSE Code 6250). In this process ... payment from the
Bombay Stock Exchange through the SEBI registered broker M/s GCM Securities Limited.
The AO, we note has not spelled out specifically
