assesses was engaged in the
business of share & stock broking, investment and trading in shares and
securities. The assessee company filed its return ... crores by way of
repayment, share invocation and dividend.
12. The contention of the assessee is that the above said amount
assessee is
engaged in the business of share broking, share trading and investing in
shares. The assessee belongs to Ketan parekh group. This ... assessee submitted that it has also earned profit on shares invocated by
financial institution and accordingly claimed net loss of ` 12,27,248/-. He
further
assessment under sec. 143(3)
accepting the sale consideration per share was already framed, invocation of provisions
under sec. 153C ... assessment under sec. 143(3)
accepting the sale consideration per share was already framed, invocation of provisions
under sec. 153C
pledges of 34,528
shares on February 15, 2012, 2,20,000 shares on March 24,
2012, 50,000 shares on March ... encumbered shares is as follows:-
"Disclosure of encumbered shares.
31(1) The promoter of every target company shall
disclose details of shares in such
execution of the
Production Sharing Contract on 30.08.2012 and the notice invoking
arbitration was issued on 10.10.2016, the invocation would be barred
by limitation ... invocation
would be barred by limitation.
20. It is further contended that in terms of Clause 29.1 of the
production sharing contract, the responsibility
Nirma Limited vs Union Of India & 6 on 23 February, 2017
Author: Harsha Devani
M/S. Globus Projects Pvt. Ltd., New ... vs Dcit, Faridabad on 30 November, 2017
INCOME
share of
the petitioner company is being held by the Nationalized Bank i.e. S.B.I. Not even
6
1% of the share hold ... Online 1302, para 8,9,14. He has submitted that
invocation of the bank guarantees by the respondent C.C.L in such fashion
Bharat had accepted these shares formed part of
Ramanlal's estate. Today, I must consider their case that the shares did
not, and were ... title and interest in the shares. There is no
division in specie or by metes and bounds. The shares pass by
survivorship, and all survivors
during the particular assessment year. He refers to the
reasons for the invocation. He submits that, there are suspicious
transaction in cash and cheque relating ... management. It speaks of sale of
shares of the assessee company. It speaks of the sale of shares being in
cash and, therefore, an income
