entered into by the assessee the LTCG of Rs.
27,20,457/- claimed exempt u/s. 10(38) of the Act by the assessee
cannot ... above amount of Rs.
27,68,457/- was deemed as income of the assessee u/s. 68 of the Act,
over and above, the income
written that case FIR No. 147, dated February 1, 1981, under Section 457/381 has been sent as untraced on April
deleting the addition of
Rs.240 lacs made by the A.O. u/s 68 of the I. T. Act .
2) Ld. CIT(A) erred ... 457/- and to this extent, the A.O. has made
addition of Rs.96,98,457/-
have been wound up consequently, in my view, the provisions
of section 457(1)(a) of the Act cannot be invoked in the facts
constitute reliable evidence against
the assessee in income tax proceedings.
3.9. Section 457 of the Cr.P.C lays down that whenever a police officer ... court in blatant
violation of principles of natural justice and section 457 of the Cr.PC.
Therefore the alleged pen drive, its print outs have
action of AO in disallowing an amount of Rs. 1,01,98,457/-
u/s 14A towards expenses for earning tax free interest
income from ... against Rs. 2,86,93,520/- made by the AO u/s 14A of the I.T. Act.
2.1 The Ld. CIT(A) ignored
taken by the Appellant, Company
as Unsecured Loans from various parties, u/s Section 68 of the
Income Tax Act, 1961 on the ground that ... Accordingly, the A.O added an
amount of Rs.96,98,457/- u/s 2(22)(e) of the Income Tax Act .
5.3 On earlier
income under section 140 of
Income-tax Act, 1961, as applicable to the assessee.
(vi) The Second Proviso to section 140(c) provides that where ... verified by the liquidator referred to in sub-section (1) of
section 178 .
(vii) Section 457 of the Companies Act, 1956 provides the power
liquidator.
RELEVANT SECTIONS ON THE ISSUE OF LIQUIDATOR AND
COMPETENCY OF ASSESSEE TO FILE THE APPEAL
Sec. 178
This section recognizes the official liquidator ... being wound up, it will be signed by
the liquidator.
SEC.457 OF THE COMPANIES ACT, 1956
It provides the powers of the liquidator which
following disallowances :
(i). disallowance of deduction of Rs.57,40,488/- claimed u/s. 35ABB
(ii). Disallowance of deduction of Rs.96,265/- paid towards ... that the assessee company
claimed a deduction of Rs. 33,02,68,457/- u/s 35ABB of the Income Tax Act,
1961 on account
