interest income from Golden Forests (India) Ltd. (hereinafter referred to as GFIL). During the course of assessment proceedings, the assessing officer observed that the assessee ... lakhs was withdrawn from the bank account and deposited with the GFIL on which the assessee had received commission of Rs. 8,000. Thus
interest income from Golden Forests (India) Ltd. (hereinafter shortly referred to as GFIL). During the course of assessment proceedings, the AO observed that the assessee ... lacs was withdrawn from the bank account and deposited with the GFIL on which the assessee had received commission of Rs. 8,000. Thus
Galav Finance & Investments Pvt. Ltd. (hereinafter referred to as "GFIL") is a company incorporated under the Companies Act, 1956 and having ... Shri Navinbhai and Shri Jayesh Thakkar are the directors of GFIL. Natural Expo Agro Industries Ltd. (Hereinafter referred to as "NEAL
basis from M/s. Gold Crest Finance (India) Limited (in short "GFIL").
These liabilities were takenover from the respective lessees at a
discounted ... value and were stated to be paid to M/s. GFIL on their face
value. The difference between the discounted value and face value
amounted
scrip of NEAL were Galav Finance and Investments Pvt. Ltd (GFIL), Raj Investments and Manyog Investments Ltd as per details furnished by Mangal Keshavlal, member ... dealings of GFIL and Raj Investments are as under:
Entity Settl. No. Buy Sell Net
GFIL
different occasions during the year 2001 with the Golden Forest India Ltd.
(GFIL) having its office at Raigunj, District-Uttar Dinajpur. The Ops were ... employees of GFIL at the
relevant period. The Ops received the
amount by granting receipts on behalf of GFIL.
Subsequently the complainant came to know
that : "The work and development Shri R.K. Syal, Chairman of GFIL, doing all over India is very impressive to me and I thought ... that Shri Bhangu had been working as Vice Chairman, Overseas Marketing of GFIL and he was instrumental in negotiating NRI funds for various projects from
investment of Rs. 22000000/- made with M/s Golden
Forest India Ltd (GFIL) jointly with Mrs. Jaswinderwant
Kaur Bains. Out of this ... source of investment of Rs. 12000000/- made
by the assessee with GFIL on 26.7.1996 also needed
verification.
Based on above two discrepancies in the order
those
who has joined before
10. 05.1998
7-
2. : OTA/T)resser Gfil ' RS. 5200-20,200/-' NoirShlecfibh By promotion
should not ordinarily rely on technicalities, the Apex Court
decision in Committee-GFIL v. Libra Buildtech Private
Limited & Ors , (2015) 16 SCC 31 refers
