self assessment tax was not paid, only TDS was claimed.
The total share capital of the company was of Rs. 9,70,000/- only ... sufficient worth to purchase the shares of
crores of rupees when the market value of the shares was zero due to
the negative net worth
shares are not based on fundamentals/business
results of the companies but the same are fluctuated by insider's trading
from zero value ... these shares are not based on business
results of the companies but same are fluctuated by insider's trading
from zero value (negligible price
Kanwar, Jaipur.
(f) The shares in which the assessee has claimed to have made a deal, are
identified as Penny Shares by the investigation wing ... these shares are not based on business results of the companies but
same are fluctuated by insider's trading from zero value (negligible price
Acquisition of such intangible assets which are whole or part of acquisition
value, therefore, correspondingly comparable to a license to carry out the
existing transmission ... favour of the assessee.
(vii) Hon'ble SC in Techno Shares and Stocks Ltd. held that intangible assets
owned by the assessee and used
Income Tax Officer, Jaipur vs Pooja Kedia, Jaipuir on 7 August, 2025
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joint venture/
collaboration) at the time of negotiation and such estimated
market value of the land was mentioned in column ... negotiation by omitting five zero".
5.4 From the above affidavit, the assessee wanted to explain
that market value of the land was estimated
Rainbow Buildcon Pvt. Ltd., Jaipur vs Acit, Jaipur on 6 November, 2017
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share. No doubt a
non-est company or a zero balance sheet company asking for 190/-
per share defies all commercial prudence ... ACIT, Central Circle-2, Jaipur
consideration for issue of shares, that exceeds the fair value of such
shares, the aggregate consideration received for such shares
Dcit, Central Circle-2, Jaipur vs Shri Prakash Chand Kothari, Jaipur on 12 October, 2021
Acit(Exemption), Jaipur vs Mahima Shiksha Samiti, Jaipur on 3 March, 2017
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