issuance of initial public offer
(IPO) and claimed ... argued during hearing that the Company had invested a part of the IPO
Fund in purchase of new machineries and also has under taken
seen that assessee has charged the profit and
loss account with IPO expense written off to
the tune of Rs.1,17,14,943/ being ... incurred for setting up a new hotel at
Surat. Thus, the IPO expense incurred by the
assessee is in capital nature and not
deductible under
submitted its
technical bid alongwith the initial price offer (IPO) in respect of the Gare
Palma Coal Mine. On 12.02.2015, JPL was declared ... included in the list of qualified bidders on opening of the IPO
because its bid fell in the top 50% of bids as per clause
allowing
expenses made on account of preparation of offer document for IPO, which clearly
was capital in nature."
29. The Assesee incurred certain expenditure ... draft
prospectus. He was of the view that since the proposed IPO was shelved, it cannot be
said that the expenditure in question was capital
claim for appointment to the promotional post of Inspector of Posts (IPO), was rejected by the Competent Authority.
2. The matrix of the facts ... promotion from the post of Postal Assistant, one to the post of IPO and 2nd Post Master Grade-I (PMG-I). The post of IPO
such receipts in this bank account in ICICI bank in IPO and had
regularly received refund of such investment in IPOs to the extent ... lakh. The refund of Rs 5.4 from application made in
IPO is not any new fund but a refund of the same fund employed
respectively. It is a well
known fact that whenever there are IPO of reputed companies, the applicants to
such IPO are allotted either ... assessee. The Ld. CIT(A) observed that the shares were purchased through IPO.
The entire shares were purchased out of the loan fund on which
complainant filed a first appeal. Authority
remained silent. Then complainant sent an IPO for Rs.10/-. The First Appellate,
authority has returned the IPO without ... appropriating his Rs 50 without giving receipt and
making him to purchase IPO unnecessarily.
8. All the responses shall reach before 9th October
pleased to declare the
reason i.e. not providing IPO details
in application form, given by the
Respondent No.3 vide letter/order
dated November ... 2013
dated August 8, 2013 which only speak
of enclosing of IPO to application
form.
8(ii) Be pleased to declare that,
the rejection
only for the reason that he had attached to
his application an IPO dated 25/02/2010 whereas the
~- employment notification was dated ... capital letters, not in
prescribed format, without photo of candidate,
not having IPO/DD or having IPO/DD purchased
before date of issue
