2010 (12) TMI 58

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..... ffidavit, resolution of the Board of Directors and also necessary documents filed before the Registrar of the Companies that had invested in the shares of the assessee - There is no illegality - Appeal is dismissed - 90 of 2010,137 of 2010 - - - Dated:- 13-12-2010 - Yatindra Singh, Prakash Krishna,JJ. 1. The assessee is a compnay incorporated under the Companies Act. It received application .....

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..... resolution of the Board of Directors and also necessary documents filed before the Registrar of the Companies that had invested in the shares of the assessee. It is in view of this that the Commissioner (Appeals) as well as Tribunal deleted it. This is a finding of fact. There is no illegality in the same. The appeals have not merit. Both the appeals are dismissed. - - TaxTMI - TMITax - Inco .....

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