NSEL in effect all transactions done
by it were done for the entities of the NKP group only. Thus the charade of
being a broker ... mask the true nature of the transactions
entered into by the group entities on the NSEL platform.
c. These was systemic misuse of the NSEL
Lord Industries & M/s Compax
Industrial System are bogus entities created by M/s Amtek group for bogus
purchases.
I have considered the entire ... bills are treated as proforma invoice, why such
invoices are from proven nonexistent concerns. Proforma invoices if at all
have to be from existing concerns
possible to accept that the partners and the firm were separate entities in so far as the consciousness about the state of affairs was concerned ... consciously put these amounts of interest in the names of some nonexistent firms. Section 271(1)(c) requires that, in order to impose penalty
cause; the latter is the effect But.. .the sapindaship is an entity by itself, distinct from, though arising out of, the cause ... trace title through her. The mother should be treated as nonexistent and further she could never become a fresh stock of descent. Considerable reliance
authorized the suit. A firm may not be a legal entity in
the sense of a corporation or a company incorporated
under the Indian Companies ... would
not be a case of a suit filed by a nonexistent person. It
would still be a suit by the partners of a firm
assessment is framed in the name of deceased or an entity
which is not in existence, by the AO who has knowledge of
this facts ... authority for
the proposition that completion of assessment in
respect of a nonexistent company , due to the
amalgamation order, would render assessment in the
name
four days about the fact that the assessee merged with another legal
entity. According to him, the ld Pr CIT has passed the impugned order ... have been framed u/s. 143(3) of the Act against the
nonexistent companies, no prejudice is caused to the assessee
private limited company and is an artificial juridical
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entity; it functions through its directors. The directors whereabouts are not
known, the company ... some other assessee also it itself proves that the lender is
nonexistent shell company.
11. Further, the balance sheet of the company itself shows
observe, while deciding the
appeals filed by the four Jammu based entities, viz., M/s. Ambika
International, M/s. Fine Aromatics, M/s. Jay Ambey ... alleged that farmers from whom the inputs
were purchased were nonexistence. Therefore, commission
agents never supplied inputs to the appellant and the appellant
nonexistent company. The plaintiffs can only sue the person who claims a
right under the original tenant. The entry of such person or entity
