shares of M/s.
Luminaire Technologies Ltd. after M/s. Paridhi Properties Ltd. amalgamated with
M/s. Luminaire Technologies Ltd., therefore, the AO issued ... Luminaire Technologies Ltd. in lieu of
10,000 shares of M/s. Paridhi Properties Ltd. The shares of M/s. Luminaire
Technologies Ltd. were subsequently
Ahmadabad.
b The rise in price of the shares of Luminaire technologies Ltd was not in
accordance with the performance/credentials of the company. This ... verified from the website of moneycontrol.com, M/s Luminaire Technology
Ltd has submitted the last Annual Report, Audit report, Annual Accounts only
upto year
from long term capital
gain from sale share of M/s Luminaire Technologies Ltd. and M/s Oasis
Cine Communication Ltd. amounting ... respect of the penny stock of various companies. M/s
Luminaire Technologies Ltd. is one of such company as admitted by
him and clearly mentioned
company M/s. Paridhi Properties Ltd. was amalgamated with
M/s. Luminaire Technologies Ltd. and consequently the assessee was allotted
100000 shares ... Luminaire Technologies Ltd in lieu of the shares of M/s.
Paridhi Properties Ltd. These shares were then dematerialized on 25th October,
2012 as reflected
March 2014. Later on, M/s Paridhi Properties Ltd merged with
Luminaire Technologies Ltd which allotted 20 lakhs equity shares at face value ... jurisdictional
High Court and the Tribunal which are as follows: -
4.1. Luminaire Technologies Limited. order dated 27/07/2012, CSP 275 of
2012Connected with Company
Luminaire Technologies is listed on Bombay
Stock exchange. Thus, as a result of amalgamation, appellant received shares
of M/s Luminaire Technologies in exchange ... Luminaire Technologies.
5. During the impugned AY 2014-15, the Assessee sold entire stockholding of
M/s Luminaire Technologies Ltd
Luminaire Technologies is listed on Bombay
Stock exchange. Thus, as a result of amalgamation, appellant received shares
of M/s Luminaire Technologies in exchange ... Luminaire Technologies.
5. During the impugned AY 2014-15, the Assessee sold entire stockholding of
M/s Luminaire Technologies Ltd
traded in following scrips:
1. Rutrint International Limited
2. Comfort fincap Limited
3. Luminaire technologies Limited
4. Unno Industries Limited
5. Global Infratech & Finance ... Limited
2 Comfort Fincap Limited 91,800 2,84,27,925/- 91,800 1,31,77,888/- 1,52,50,037/-
Luminaire Technologies
observed that the transaction of purchase
and sale of shares of Luminaire Technologies Limited and Unno Industries Limited
were sham transactions. The Assessing Officer, therefore ... shares of various companies including those of Unno Industries
Limited and Luminaire Technologies Limited. The assessee has provided ledger
account and invoices along with accounts
Ajay Krishna Modi, Jaipur vs Dcit, Jaipur on 24 August, 2018
vk;dj vihyh; vf
