without
drawing any adverse inference in respect of the share
capital/ share premium during original assessment
proceedings. However, we find the AO in the reasons ... recorded in as much it is submitted the figure of share capital / share
premium was ₹36,64,35,000/-. However, the same is also included
details of the share applicant companies and its where with all and
submitted that they are shell companies and the share premium which was
being ... doubted the
identity and creditworthiness of the share subscribers but has doubted the
payment of high share premium. On this aspect
details of the share applicant companies and its where with all and
submitted that they are shell companies and the share premium which was
being ... doubted the
identity and creditworthiness of the share subscribers but has doubted the
payment of high share premium. On this aspect
information received by the
revenue that the assessee has taken bogus share application / premium
from shell / dummy / paper companies and introduced his own
unaccounted cash ... said amount by holding the same as
unexplained share application money/share premium when the AO had treated it
as unsecured loan in reasons
information received by the
revenue that the assessee has taken bogus share application / premium
from shell / dummy / paper companies and introduced his own
unaccounted cash ... said amount by holding the same as
unexplained share application money/share premium when the AO had treated it
as unsecured loan in reasons
information received by the
revenue that the assessee has taken bogus share application / premium
from shell / dummy / paper companies and introduced his own
unaccounted cash ... said amount by holding the same as
unexplained share application money/share premium when the AO had treated it
as unsecured loan in reasons
information received by the
revenue that the assessee has taken bogus share application / premium
from shell / dummy / paper companies and introduced his own
unaccounted cash ... said amount by holding the same as
unexplained share application money/share premium when the AO had treated it
as unsecured loan in reasons
information received by the
revenue that the assessee has taken bogus share application / premium
from shell / dummy / paper companies and introduced his own
unaccounted cash ... said amount by holding the same as
unexplained share application money/share premium when the AO had treated it
as unsecured loan in reasons
explanation
furnished by assessee about
nature and source of share-
application money, share
capital, share premium etc.
shall be deemed to be not
satisf actory ... involved in transaction of
said allotment of shares,
conversion of these liabilities
into share capital and share
premium could not be treated
as unexplained cash
account of advances/loans, share
capital/share premium received from paper companies based in Kolkata. There
are 4 entities based in 2. Search assessments ... account of advances/loans, share
capital/share premium received from paper companies based in Kolkata. There
are 4 entities based in 2. Search assessments
