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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Addition of bogus share capital u/s 68 - rotation of money - the ...

Income Tax

January 28, 2019

Addition of bogus share capital u/s 68 - rotation of money - the contention of the assessee that there was rotation of money and the much lesser amount of bogus share capital should have been added as undisclosed credit u/s 68 is not acceptable.

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