undertaking or division transferred byway of such slump sale,- (i) the "net worth" of the undertaking or the division, as the case may be, shall
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
Acit, Central Circle- 13, New Delhi vs Jay Auto Components Ltd. , New Delhi on 23
pronounced ineligible with respect to only
one criteria of "net worth" [Clause 2.2.2.3(i) of RFP].
6) Clause 2.2.2.3 (i) of Request ... Financial Capacity:
(i) The bidder shall have a minimum Net Worth
(the "Financial Capacity") of Rs.12.58 crore
(Rs. twelve crore
guideline on clause No.1.3.10 for submission of Net Worth
Certificate and as also clarified that the certificate shall be valid for
financial ... vide letter dated
07.06.2019, the condition of possession of UDIN for Net Worth
Certificate was introduced in the tender process.
The grievance of the petitioner
findings are that
the investors companies have a positive net worth and
only a small percentage of investments were deployed
which cannot be disputed ... page 11 as
under:
" The investor companies have positive net worth and only
invested 1.6% and 1.2% of their net worth. The assessee
submitted
note that their source of investment and net worth as
per balance sheet as on 31 31.03.2012
.03.2012 as well as the sum invested ... notice of Second AO that they (share subscribers)
have enough net worth to invest in the assessee company and the share subscribing
companies pursuantant
assessee further submitted the details,
according to which the net worth of the undertaking under ... support of
computation of net worth of the undertaking, the assessee
submitted Form-3CEA issued by the accountant. The assessee
also filed information regarding
sole bidder or a
Consortium) shall satisfy the following criteria:
Net Worth: A minimum Net worth of INR 35,000 Mn (INR
3,500 Crore ... below.‖
"11.3 Financial Capability shall be calculated as follows:
a) Net Worth means the aggregate value of the paid-up
Signature
provides terms and
conditions of eligibility relating to financial net worth of the
applicant(s), which reads thus:
"Schedule-I : The following net worth ... Rupees 25 Crores, the applicant, including an individual,
shall have a net worth more than 4% of Value of
Estimated Resources."
11. Further, Explanation