Madras H.C : Value of shares allotted to individuals would amount to unexplained cash credit

High Court Of Madras V.R. Global Energy Pvt. Ltd. Vs. ITO Section 68 Asst. Year 2012-13 Indira Banerjee, CJ & Abdul Quddhose, J. Tax Case (Appeal) No. 246 of 2017 6th August, 2018 Counsel appeared: R. Vijayaraghavan for Subbaraya Aiyar, Padmanabhan for the Appellant.: M. Swaminathan Standing Counsel for the Respondent INDIRA BANERJEE, CJ. This appeal…

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