which reads as under:
"AND WHEREAS the vendor for this bonafide needs and requirements has agreed
to sell and the vendor has agreed ... been written as under :-
"AND whereas the vendor for this bonafide needs and requirements has agreed
to sell and the vendor has agreed
Shyam Apparels P.Ltd., Jaipur vs Ito, Jaipur on 7 November, 2017
vk;dj vihyh
assessee by making
payment in cash cannot be assumed to be bonafide, even
though it is a complete violation of the provisions of section ... business exigency to safeguard the
interest and also for genuine and bonafide needs of
assessee's business. It is also a fact that these
deed are as under :
"AND WHEREAS the Vendor for her bonafide needs and requirements
has agreed to sell and the Vendees have agreed
share capital is with an ulterior motive and not for the bonafide needs of the Company, but, in the garb of raising capital, shares
That the claim being for the genuine and bonafide needs of
the business and claim is fully supported on the basis of details
furnished before
continuing
and eviction was sought only on the ground of bonafide need of the CD as an
owner who wanted to demolish the structure
complainant had only approached the O.P. with a genuine and bonafide
need of the policy to insured its stock. The sole object ... complainant could be aware of the same. The
above clearly substantiates the bonafides of the complainant and
establishes the fact that the complainant
giving the gross and net amount.
He submitted that the bonafide of the assessee shows that the
statement given at the time of search ... assessee can
be expected to do so. The explanation for bonafide needs to be
considered in a fair and objective manner and in the light
proceedings before
the High Court and the Supreme Court, diligently and bonafide, needs
to be excluded. It can not be said that the proceedings
