AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
2016 (12) TMI 411
X X X X Extracts X X X X
X X X X Extracts X X X X
....nt ORDER P. C. 1. This Appeal under Section 260A of the Income Tax Act, 1961 (the Act) challenges the order dated 14th November, 2013 passed by the Income Tax Appellate Tribunal (the Tribunal). The impugned order is in respect of Assessment Year 2008-09. (i) Whether on the facts and circumstances of the case and in law, the Tribunal was justified in confirming the order of CIT(A)....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... the CIT(A) clearly evidence that the paidup capital of M/s. Sunil Mantri Trinity Projects P. Ltd. during the period is Rs. 50,000/. This is in straight contradiction to the fact that the minimum paidup capital for any closely held company should be Rs. 1,00,000/? 2. Regarding question (i) : (a) Mr. Suresh Kumar, learned Counsel appearing for the Revenue very fairly states that question (i) ....