them, the transactions, in question, nor come
within the meaning of 'undervalued transactions' for taking action under
Section 45 , nor can be termed ... question, come within the meaning of
'preferential transaction', 'undervalued transaction' and 'fraudulent
transaction' made by the 'Corporate Debtor
opinion as to
income escaping assessment is that the assessee-company has
undervalued the closing stock of raw material by applying average rate
per meter ... that in the reasons that finished stock (in pieces) was
undervalued by Rs.6,29,48,003/-. However, again here also the very
method adopted
investigation conducted, these tile manufactures were indulging in large scale undervaluation and clandestine removal of the tiles manufactured.
(iii) That huge amount of extra cash ... include extra cash payments made to various frit manufactures to compensate undervaluation and also with respect to frit clandestinely removed. Even in one CD, stated
prescribed under Section 46 is only for avoiding an undervalued transaction
which provision does not cover a fraudulent transaction as referred to in
Section ... Regulation 35A of the CIRP Regulations are to
be annulled, the undervalued and fraudulent transactions will go out of
the reach of Resolution Process, reach
slips, invoice and records, the department has made out a case of undervaluation of goods and sale of goods by M/s. BGP to their ... witnesses on whose statements and recovery of slips the case of undervaluation has been made out did not turn up for cross-examination despite summons
received an intelligence that the Appellant importing the said spices, has grossly undervalued the imported goods as compared to the price given in the circulars ... Appellants proposing demand of differential custom duty on the elements of undervalued amount, confiscation of the goods undervalued, penalties upon the importer, Shri Shivkumar Raghuveer
issued a report(s) to Respondent No. 1
containing particulars of preferential, undervalued, fraudulent and
extortionate transactions entered into by DHFL, which could ... filed nine applications before the Hon'ble
NCLT regarding preferential, undervalued, and Fraudulent Transactions
defrauding creditors, fraud & wrongful trading. As of date
addition of Rs.88,03,348/- on the ground of
alleged undervaluation of sale and of Rs.2,08,00,924/- being the
estimated ... addition of Rs.93,30,925/- on the ground of
alleged undervaluation of sale and of Rs.2,53,46,163/- being the
estimated
given any reason rejected books of accounts adopted GP ratio @ 15%
on undervaluation and clandestine removal of goods and passed assessment order ... 2205/Ahd/2017
. A.Ys. 2009-10 & 2010-11
that undervaluation and clandestine removal stand provided in view of the pen drives
proves the case of the Appellant
and disproves the allegation of Undervaluation; E-Mail
dated 17.04.2006, refers to an invoice against which a
Show Cause ... counsel further submits that the department
cannot hold the Appellants liable for undervaluation solely
on the basis of the statements made on different dates
