Block assessment Order to be set aside as there was a failure to serve notice under section 1432 and Commissioner A upheld assessment relying on Supreme Court decisions on different subjects holding decision in ACIT vs Hotel Blue Moon per incuriam

Fecha de publicación: 07 - 05 - 21



Includes initial monthly payment and selected options. Company’s authorized capital stands at Rs 1.0 lakhs and has 100.0% paid-up capital which is Rs 1.0 lakhs. Take your analysis to the next level with our full suite of features, known and used by millions throughout the trading world. Yes, you can buy fractional shares of ACACIA RESEARCH CORP with Scripbox. Today, on 10th Apr 2023, the price of ACACIA RESEARCH CORP Shares in India is $ 4.245.

Yes, you can buy ACACIA RESEARCH CORP shares in India by simply opening an account with Scripbox. Acacia Research Corporation (“Acacia” or the “Company”) announced today that it has commenced its previously-announced rights offering (the “Rights Offering”). A copy of the judgment under the seal of the High Court and signature of the Registrar will be sent to the Income-tax Appellate Tribunal, Cochin Bench.

The ratio is used for evaluating companies and to find out whether they are overvalued or undervalued. The price-to-book ratio is a company’s current market price to its Book Value. Traditionally, any value under 1.0 is considered a good P/B value, indicating a potentially undervalued stock. Market cap or market capitalization is the total market value of all of a company’s outstanding shares. Mutual Fund investments are subject to market risks. Please read all scheme related documents carefully before investing.

Please check ‘EMI options’ above for more details. Actg Computing Services Private Limited is majorly in Business Services business and currently, company operations are active. As on 10th Apr 2023, the P/E ratio for ACACIA RESEARCH CORP shares is 3.69.


View the ACTG premarket stock price ahead of the market session or assess the after hours quote. Monitor the latest movements within the Acacia Research Corporation real time stock price chart below. You can find more details by visiting the additional pages to view historical data, charts, latest news, analysis or visit the forum to view opinions on the ACTG quote. In 1944 the firm purchased 50,000 ordinary shares of Raymond Woollen Mills Ltd. (hereinafter called “Raymond”) for Rs. 69,75,255. The firm paid Rupees 7,00,000 on November 4, 1944 and the balance on December 6, 1944.

  • The value will have to be determined on the basis of what the shares would fetch if sold in a hypothetical market on the date of the gift.
  • The firm also purchased 290 “A” Class shares of J.
  • Except 2,118 preference shares, the entire lot of shares with the debentures was sold for Rs. 7,05,957 between February 1, 1945 and August 13, 1945.
  • Between January 26, 1945 and April 5, 1946 the firm also purchased 67 debentures, 5,582 preference shares and 18,576 ordinary shares of the Aluminium Corporation Ltd. (hereinafter called “Aluminum”) for Rs. 8,57,480.

Adjusting the cost of shares left on hand the firm realised a net profit of Rs. 60,278 in that transaction. The firm also purchased 290 “A” Class shares of J. K. Investment Trust Ltd. (hereinafter called “J. K. Trust”) on February 4, 1945 for Rs. 1,45,000 and sold the same on August 22, 1945 for Rupees 2,17,264, the transaction resulting in a net profit of Rs. 72,364.

Actg Computing Services Private Limited News

Past performance is not an indicator of future returns. 4 The reasoning given by the learned Commissioner that the judgment is per incuriam is based upon two Supreme Court judgments. Neither of the judgments refers/deals with the case of block assessment and of not serving a notice under section 143 which issue was raised and decided in Hotel Blue Moon’s case .

The Tribunal is directed to state the case and to refer the aforesaid of law to this Court for its opinion. In the circumstances of the case, parties shall bear their own costs of this reference. Actg Computing Services Private Limited is an Indian Non-Government Company. It’s a private company and is classified as’company limited by shares’. No, ACTG shares are not listed on NSE or BSE. ACACIA RESEARCH CORP is listed on the NASDAQ stock exchange.

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Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies. The company operates through two segments, Intellectual Property Operations and Industrial Operations. The company owns or controls the rights to various patent portfolios, which include U.S. patents and foreign counterparts covering technologies used in a range of industries. It has executed approximately 1,600 license agreements, and approximately 200 patent portfolio licensing and enforcement programs. It also designs manufactures printers and parts, and consumable products through dealers and distributors for various industrial printing applications.

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Act, 1958, the value of any property other than cash transferred by way of gift is to be estimated as the price which, in the opinion of the GTO, it would fetch, if sold in the open market on the date on which the gift was made. Shares are saleable in the open market and, therefore, Sub-section of Section 6 would not apply. The value will have to be determined on the basis of what the shares would fetch if sold in a hypothetical market on the date of the gift. A shareholder would normally be in possession of information about the shares and whatever would be relevant as information is expected to be passed on by him to the prospective purchaser. The purchaser is expected to quote the price in the light of such information conveyed by an honest seller who offers his property for sale.

In other words, in regard to a self-disclosure effected before the end of the year in the normal course the information available would be the material as to the financial position of the company as on the last day of the previous year. The position must necessarily be different in a case where what are sold are shares listed in the stock exchange in which case the value as quoted by the stock exchange on the date of a gift may be relevant. That is not the case here and, therefore, the shares are to be treated just as any other property. It necessarily follows that the nearness of the date of the gift to March 31, 1971, in comparison to the date March 31, 1970, is irrelevant and is of no consequence at all. The interest paid for the loan borrowed from the Hindustan Commercial Bank Ltd. for financing the purchase of Raymond shares was debited in the accounts as a revenue expenditure, and it was claimed as a permissible allowance.

  • Actg Computing Services Private Limited is an Indian Non-Government Company.
  • You can find more details by visiting the additional pages to view historical data, charts, latest news, analysis or visit the forum to view opinions on the ACTG quote.
  • The firm has appealed to this Court with special leave.

Acacia Research Corporation was incorporated in 1993 and is based in New York, New York. Acacia Research Corp. engages in acquisition and development, and patents technologies through its subsidiaries. It operates through the Intellectual Property and Industrial Operations segments. The Intellectual Property Operations segment invests in IP and related absolute return assets and engages in the licensing and enforcement of patented technologies. The Industrial Operations segment generates operating income by designing and manufacturing printers and consumable products for various industrial printing applications. The company was founded by Robert Bruce Stewart on January 25, 1993 and is headquartered in New York, NY.

In the light of the above discussion we see no reason to take a view different from that taken by the Tribunal in regard to the question now referred to us. Therefore, we answer the question in the affirmative, that is, in favour of the assessee and against the Revenue. Shipping cost, delivery date and order total shown at checkout.

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The Revenue took up the matter before the Tribunal in appeal. He would have assumed that the same dividend as of the previous year would be paid unless it be that he had special information as to the change in the circumstances of the company or in the profit earning of the company during the year ended March 31, 1971. There being no such case and the shares being not those listed in the stock exchange during the relevant year the value as in the balance-sheet on March 31, 1970, was adopted by the Tribunal. As a consequence the Revenue’s appeal was dismissed. It is in these circumstances that the question now referred to us arises. Acacia Research Corporation share price live 3.870, this page displays NASDAQ ACTG stock exchange data.


The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities. – Acacia Research reported on Thursday third quarter erl-15330||earnings that beat analysts’ forecasts and revenue that topped expectations. Pay on Delivery (Cash/Card) payment method includes Cash on Delivery as well as Debit card / Credit card / Net banking payments at your doorstep. The High Court answered the question in the affirmative. The firm has appealed to this Court with special leave.


2 The challenge in the present writ application is to an order passed by the Commissioner, hicome-tax -III, Patna. On September 9, 2015 whereby, in a case of block assessment, a finding was recorded that notice under section 143 of the Income-tax Act, 1961 was not issued, and that the judgment of the Supreme Court in Asst. err v. Hotel Blue Moon 321 ITR 362 is per incuriam in view of the judgment reported in Govt. B. Educational Society [2005J 3 SCC 212 and State of Punjab v. Shamlal Murari 1 SCC 719.

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