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1 - 10 of 47 (0.39 seconds)Section 153A in The Income Tax Act, 1961 [Entire Act]
Section 133A in The Income Tax Act, 1961 [Entire Act]
Section 131 in The Income Tax Act, 1961 [Entire Act]
Section 132 in The Income Tax Act, 1961 [Entire Act]
Section 132A in The Income Tax Act, 1961 [Entire Act]
The Companies Act, 1956
Section 139 in The Income Tax Act, 1961 [Entire Act]
Indian Companies Act, 1913
Commissioner Of Income-Tax vs Steller Investment Ltd. on 20 July, 2000
• Commissioner of Income Tax vs Electro Polychem Ltd.
reported at (2008) 217 CTR (Mad) 371
While dismissing the appeal of the revenue the Hon'ble High Court
referred to the case of CIT v. Stellar Investment Ltd. (1991)192 ITR
287(Delhi) where the increase in subscribed capital of the
respondent-company, accepted by the Income Tax Officer and
rejected by the Commissioner on the ground that a detailed
investigation was required regarding the genuineness of subscribers
to share capital, as there was a device of converting black money by
issuing shares, with the help of formation of an investment, which was
reversed by the Tribunal, the Delhi High Court held that even if it is
to be assumed that the subscribers to the increased share capital were
not genuine, under no circumstances the amount of share capital
could be regarded as undisclosed income of the company.