other words, by the issue of bonus shares pro rata,
which ranked paripassu with the existing shares, the
market price was exactly halved, and divided ... ordinarily be the case
but not when the share do not rank paripassu and we shall
deal with that case separately. When the shares rank
held in these cases that if the bonus shares ranked paripassu with the old shares, they should be valued by spreading original cost over ... shares. It is not in dispute here that the bonus shares ranked paripassu with the original shares. With these observations, the Assessing Officer adopted
created on
01.06.1994.
13. As there were seven secured creditors who held paripassu
charge on the company's assets including land under acquisition ... from NHAI because it got diverted at source
because of pre-existing paripassu right of banks and financial institutions
created by joint equitable mortgage executed
Sun Pharmaceuticals Industries Ltd. ( ... vs The Acit,Cent.Circle-1, Baroda on 8 April, 2021
Pragati Power Corporation Ltd. (Ppcl) vs Central Electricity Regulatory ... on 12 July, 2018
A. No
assessee.
[Para 16]"
4.1 As the provisions of section 115JA are paripassu with the
provisions of section 115JB, respectfully following the principles
laid down
Aashish Jhunjhunwala & Ors vs Kshitiz Chhawhharia, Rp Of Ramsarup ... on 4 March, 2021
NATIONAL
Assessee again tried to argue that only a distribution paripassu (in equal
proportion) amongst shareholders can be considered as 'distribution' for the purposes
hotel project against mortgage of entire leasehold land purchased from
WBHIDCO and paripassu charge on all present and future moveable fixed & current assets
infusion of equity and debt has to be more or less on paripassu basis
as per normative debt equity ratio. However, increase
