zero balance company asking
for premium of Rs 490/- per share with a face value of Rs 10/- defies
commercial prudence. Nevertheless it had concluded ... zero balance one. In
these circumstances, there would be all the more reason for not charging
to tax the share premium collected by the appellant
Chintalapati Holdings P. Ltd.,
transferred their shares to the assessee on 04.03.2011 at Rs.75.49 per share whereas, on the same
day and also ... fair market value as per the prescribed rule according to which, the fair market
value of the share is less than Re. zero and hence
held that premium realized on issue of shares is not
in the nature of a revenue receipt and is hence not
chargeable ... zero balance company asking for premium of
490/- per share with a face value of it 10/- defied
commercial prudence. Nevertheless, it had
concluded that
from the
orders of the authorities below the fair market value of the shares
was determined by M/s SPA Capital Advisors Ltd. a merchant ... Value of
Non Current
Investments
Add: Cash 4.12
& Bank
Balance As
on 30.09.13
Total Value 212.53
Number of 4.20
Shares
Value Per 50.60
Share
share premium of
Rs.490/- per share on allotment of shares of face value of Rs.10/- per share.
The AO considered the share premium ... entire dispute revolves around the
charging of share premium of Rs. 490/- per share on a book value of Rs.
10/- each. This dispute
Sanjay Brijkishorlal Nirupam vs Gopal Chinayya Shetty And 21 Others on 30 November, 2018
Equivalent
entire dispute revolves around the charging of share premium of Rs. 490/- per share
on a book value of Rs. 10/- each. This dispute ... beyond any logical reasoning that a company
with zero balance sheet could gamer Rs. 490/- per share premium from its subscribers.
Such transaction may raise
share) equivalent of the percentage of the net asset
value of REEBOK INIDA which such shares represent
of the total outstanding shares of REEBOK INDIA ... except in no event
is any value for goodwill or similar value to be
assigned to the shares. In the event that any
government regulation
Ito-4(3)(1), Mumbai vs Pink Pepper Trading Private Limited, ... on 27 November, 2018
with effect from t»
October, 2009 and thus erred in taking the value of the capital asset as
assessed by the Stamp Valuation Authority ... such
conversion or treatment; or
(v) The maturity or redemption of a zero coupon bond; or
(vi) Any transaction involving the allowing of the possession
