search operation
reveal that assessee-company being an Investment Company
and closely linked with the Mody Group of companies, has been
facilitating the ploughing back ... undisclosed income of the
flagship company is first routed to the assessee
company and then passed back to the flagship
company in the legal garb
Reserves of the Developer Company. (20) Source of funds for the project. (21) Net worth of the Applicant (including Group companies) duly supported by Audited ... case the Developer is a SPV). If the company is a new company, audited accounts of Flagship Company/promoters may be provided. (22) Extent
acceptable that such a
going on concern i.e. company/flagship company does not
maintain or keep record of such details of cash alongwith ... also been observed by the AO that the flagship company,
M/s Omaxe Ltd. has surrendered a huge amount as unaccounted
income, however, the assessee
acceptable that such a
going on concern i.e. company/flagship company does not
maintain or keep record of such details of cash alongwith ... also been observed by the AO that the flagship company,
M/s Omaxe Ltd. has surrendered a huge amount as unaccounted
income, however, the assessee
prefix "Manipal". Even according to the plaintiffs, the flagship companies of the group were of ICDS Limited and Maharashtra Apex Corporation Limited, both ... latter two have been described by the plaintiffs as the "flagship companies" of the family. It is significant to note that the business
assessee company belongs to G.R. Agarwal
Group, Udaipur and its flagship company was G.R. Infraprojects Ltd.
which is engaged in development of infrastructural ... company could not have been
made at huge premium. We find that the assessee company belongs to
G.R. Agarwal Group, Udaipur and its flagship
companies of Modi group where Hindustan Dev Corpn. is the flagship company. During the course of search, at the business premises of the assessee, books ... dealing the particular ground.
4. The appellant-company is a ground company of R.P. Modi whose flagship company is Hindustan Dev. Corpn.. Most
source of source' was the funds received from
the flagship company of the Group to which the assessee belonged i.e.
M/s Rika ... paperbook, it is noted that this
shareholder is a flagship company of the Group to which the
assessee belongs. The shareholder is noted
Surya Food & Agro Limited, which is the flagship
company of the group, was recorded under Section 132(4) . In the said
statement, he accepted ... entry provider companies. Such share
capital/share premium is liable to be added in the hands of the group
companies. The flagship company
Executive Director (Commercial) of M/s. Ispat Industries Ltd.,
the flagship company of Ispat Group. The assessee was also covered under
the search & seizure ... listed company
namely Ispat Industries Limited which is the flagship company of the lspat
Group of companies. It was submitted that the assessee has been
