2009, order dated 07/03/2012, wherein,
it was held that negative net worth could not be ignored while
working out the capital gains ... right in adding the amount of liabilities
being reflected in the negative net worth ascertained by the
auditors of the assessee to the sale consideration
bank continued providing finance to units
having weak financial position like negative net
worth, negative NDR, having current as well as
accumulated losses, short margins ... term loans as unsecured loans to Sahakari
Sakhar Karkhanas (SSKs) having negative net worth.
The Directors, owning responsibility for repayment
of loan joint or severally
right in adding the amount of liabilities being reflected in
the negative net worth ascertained by the auditors of the assessee to
the sale consideration ... sale consideration of the PTB is `143 crore and there is negative
`net worth' of `157 crore as per section 50B, that
sale basis at a net consideration
of Rs.10 lakhs,that the net worth of the undertaking was certified at negative figure ... consideration' and 'net worth',
then the ridiculous results would have followed. Talking of the net worth in negative
and considering
fails
networth filter. The ld. DRP further noted that the negative net worth
filter eliminates the intrinsically sick and non-performing companies
owing to various ... Companies having similar FAR cannot be excluded on
the basis of negative net worth filter and relied on decision of Gillette
Diversified Operations
net worth should have been taken as NIL. Since, by connotation any thing of any worth would only be positive and cannot be negative ... negative, whether the Revenue was justified in adding the excess of liabilities over the assets taken over by ITEL to the negative net worth while
M/S Manipal Health Systems Pvt Ltd , ... vs Assistant Commissioner Of Income Tax ... on 28
amount of final net assets (net
worth) of the transferor-entity, as construed by the A.O., but its' net worth itself. In fact ... net worth of two of the three
undertakings transferred. How could the consideration, which is pegged at the net worth,
whether positive or negative
During the inspection carried out, it was discovered that the
net worth and CRAR of PMC Bank had year-on-year
plummeted from positive figure ... received, reflected the unstable
financial position of the bank with a negative net worth and
this warranted immediate action, so as to protect the
depositor
net worth
of SBL was so high, the shares would not fetch a high price. The
existence and extent of net worth would depend upon ... liabilities
which exceed the assets and capital would result in a negative net worth;
the shares of a company with a negative net worth cannot
