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
penny stock companies. 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
satisfaction of the
Lender, either cash or such number of
additional listed shares as Security and/or other
Signature Not Verified
Digitally Signed By:SUNIL ... Shares, or
any part thereof, in any manner if the value of
the (listed) Pledged/Charged Shares falls to
97.50% (ninety seven point five zero
M/S. Venus Township India (P) Ltd, ... vs The Dcit. Central Circle-1(1), ... on
outstanding debt and thus, the liquidation value available to the
operational creditors including the respondent revenue would be
zero.
It may be mentioned here that ... creditors would have been
deprived of any chance of recovery as their share in the liquidated
assets has been assessed as nil in this situation
Amritrashi Infra(P) Ltd., Kolkata vs Pr.C.I.T.-4, Kolkata on 12 August
petitioners are allowed to have
the said shares placed by private treaty which will allow more
value to be derived rather than by dumping ... unlisted redeemable, non-
convertible debentures bearing zero coupon of Rs.1 Crore each of
the aggregate nominal value of Rs.425 Crores for cash
additional income to enhance
the profitability like "investments in listed company
shares, mutual funds etc.". Trade (Business)
Investments represents "Capital in Subsidiary ... being 0.5% of the average value of investment is
disallowed and added back as income of the
appellant. Further submitted that investments made
in the group
Arjun Panditrao Khotkar vs Kailash Kushanrao Gorantyal on 14 July, 2020
Equivalent citations: AIR 2020
Anglo American Metallurgical Coal Pty ... vs Mmtc Ltd. on 17 December, 2020
Equivalent citations: AIRONLINE
