order dated 07/03/2012, wherein,
it was held that negative net worth could not be ignored while
working out the capital gains in cases ... justified to hold that the negative figure of net worth has to be
ignored for working out the capital gains in case of a slump
return filed for the year under consideration, it was stated that net worth of cement division as per computation done Under Section ... view that formula given in Section 50B for determining net worth was nothing but a mathematical calculation totally dependent upon the amount of liabilities
computed by reducing from the lump sum consideration the net worth of the undertaking that is transferred as laid down in Explanation ... Net current assets 4,76.42
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Total assets (A) 929.89
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Secured loan 706.83
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Unsecured loan 2,555.00
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Total liabilities (B) 3,261.83
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Net worth
M/S Manipal Health Systems Pvt Ltd , ... vs Assistant Commissioner Of Income Tax ... on 28
Gujarat Fluorochemicals Limited,, ... vs The Deputy Commissioner Of Income Tax, ... on 13 August, 2018
आयकर
undertaking or division transferred by way of such sale, the 'net worth; of the undertaking or the division, as the case may be, shall ... section (2) of Section 288 indicating the computation of the net worth of the undertaking or division, as the case may be, and certifying that
make payment.
-Copy of Audited Balance Sheet on 31.03.2009
showing Net Worth of company.
- Copy of ITR
2 Euro Asia Mercantile a) Identity ... make payment.
- Copy of Audited Balance Sheet on 31.03.2009
showing Net Worth of company.
- Copy of ITR
3 Apoorva Leasing Fin. & a) Identity:
Investment
Appeals) obtained a Remand Report from the AO to know the net worth of the donors. On the basis of this Remand Report, the net ... net worth of Shri Ashok Kumar Jain was Rs. 1,14,74,817/- who gifted immovable property worth Rs. 40,68,450/- Net Worth
which has substantially eroded its
net worth as on date.
Management based on future business plans of the Company
and potential infusion of the funds ... above suggests:
(i) The Auditor has categorically mentioned that the net worth
of the company has been eroded and accumulated losses
are more than
submitted that the Assessing Officer failed to
examine the net worth of shareholders in order to see the justifiability of such huge
investment and admitted ... listed point wise.
a) Assessing Officer has failed to examine the net worth of shareholders in or
order to
see the justifiability of such huge
