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2410/CHNY/2017 2. Facts apropos are that one M/s.Mtandt Ltd, through a scheme of demerger approved by Hon'ble Jurisdictional High ... engaged in rental of equipment, to the assessee company. M/s.Mtandt Ltd had three segments of business, depicted hereunder:- a) Sale of tools, equipments

Chennai Bench of the Tribunal in the case of MTANDT Rentals Ltd., in ITA No.2410/CHNY/2017 (order dated 30.05.2018). It was further submitted ... Issue of equity shares by the assessee to M/s. Mtandt Ltd was not artificial but real. Even in the case of Smifs Securities Ltd