Aviation regulator DGCA is set to conduct a financial audit of the Naresh Goyal-promoted Jet Airways, amid its fiscal conditions under pressure due to the surging jet fuel prices and low fares, a source said.
If the Department wants to contend that what is apparent is not real, the onus is on it to prove that it was the assessee's own money which was routed through a third party. Consequently, the AO has no jurisdiction to determine whether the share premium is reasonable or not Pratik Syntex P.
The insertion of the proviso to section 68 of the Act by Finance Act, casts an additional onus on the closely held companies to prove source in the shareholders subscribing to the shares of companies.
During the course of the hearing, the Ld Counsel explained that the explanatory memorandum to the Finance Bill makes it clear that the additional onus is only with respect to source of funds in the hands of the shareholders before the transaction can be accepted as a genuine one.
Even the amended section does not envisage the valuation of share premium.
|Rajasthan & M.P||Santosh Gupta - Jammu, Shri R. Bhandari - Dalhousie, Shri Sukhdev S.|
|Pre Teacher Education Test (PTET 2019) Rajasthan by MDSU Ajmer||Pyeongchang, South Korea Dates:|
This is further evident from a parallel amendment in section 56 2 of the Act which brings in its ambit so much of the share premium as charged by a company, not being a company in which the public are substantially interested, as it exceeds the fair market value of the shares.
This cannot be the intention of the Legislature especially when the amendments in the two sections are brought in at the same time.Naresh Goyal on Forbes. His Jet Airways turned a corner reporting a small profit in the last quarter after five loss-making quarters, cashing in rival Kingfisher Airline's ashio-midori.comr: B.
C. Forbes. Mumbai: Aviation regulator DGCA is set to conduct a financial audit of the Naresh Goyal-promoted Jet Airways, amid its fiscal conditions under pressure due to the surging jet fuel prices and low fares, a source said.
The Directorate General of Civil Aviation (DGCA) has already evaluated the.
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On August 5, , CBDT (Central Board of Direct Taxes) changed the rules, procedures and forms for making payment to a non-resident from October 1, The revised forms and procedures will also be applicable for transfer of funds from NRO to NRE account.
Indian Aviation News As Reported Today. Country to have 11 emergency landing air strips on national highways: Mandaviya; Falling, negative net worth: SpiceJet financials to remain stretched.
PTET MDSU Result – Rajasthan PTET Cut Off Marks & Merit List. PTET MDSU Result has been released now. According to latest updates, the Maharshi Dayanand Saraswati University (MDSU) Ajmer has released PTET MDSU Result