mentioned in the agreement the same was
transferred to several fake/shell companies. It was further
alleged that at the time of availing the loan ... around Rs.8 crores stated to have been
diverted into such shell companies which were created by
the accused in the name of his employees
part of the
said land on lease to the 'Burmah Shell Company' by depositing title deed
(Royal Grant) of the land ... further averred that in the year 1973-74, the Burmah Shell Company
got merged in the Bharat Petroleum Corporation Ltd., and since then
Bharat Petroleum
which he has accepted that companies are actually
controlled by him and the companies are paper/shell companies. Mr.
Manohar Lal Nangalia also categorically accepted ... 2014, wherein he submitted that the companies
are actually controlled by him and these companies are paper/shell
companies. In the statement on oath, Shri
Provider, may be providing certain MSA
Services (as defined below) to Shell
Companies (as defined below);
B. In order to be able to provide ... provide services to Shell Entities, WIPRO/IBM shall
be allowed to access certain parts of the IT network
of the Shell Companies. Such right
Shell International Techonology
International BV.
engaged in the business of providing information technology support
services, IT helpdesk and network infrastructure services to Shell
Group Companies ... provide services to
Shell Entities, WIPRO/IBM shall be allowed to access certain parts of
the IT network of the Shell Companies. Such right
investment other than that made through the medium of 13 shell
companies etc. cannot be held as bogus. .......The CIT has already
pointed out that ... companies
from whom the investments further flowed to the applicant No. 1
company M/s Prime Ispat Limited. Thus, as far as investment from
shell
remaining CAs (who had
audited balance sheets of e-DHFL & Shell companies and who
had facilitated the promoters), ultimate beneficiaries/end use of
diverted ... funds through shell companies & other Wadhawan
Group Companies, the DHFL officials, insider share trading of
DHFL shares, bank officials, NHB officials and other
connected
company, be it in fiscal statutes or in
penal statues. Neither the Companies Act, 1956 nor the Companies Act, 2013 defines the
expression shell company ... Registrar of
Companies can do is to strike off the name of such company from the register of
companies. But if the shell company
Mount Everest Breweries Ltd., Indore vs Acit (Central)-1, Indore on 20 January, 2022
आयकर
different companies.
4. In view of the above discussions, it can be concluded that these investing
companies are mere paper/shell companies who have ... Finance Company 2500000
Ltd.
Total 6,00,00,000/-
5. He noted that all the above 15 companies are paper/shell companies who
have
