Addition u/s 68 - Transaction for transferring the shares as ...
Income Tax
November 13, 2020
Addition u/s 68 - Transaction for transferring the shares as discussed above has taken place in the subsequent years. This transaction can create a doubt/suspicion about the genuineness of the transactions but this is not sufficient enough to treat the share capital as unexplained cash credit u/s 68 of the Act for the reasons that the AO has not provided sufficient opportunity to the assessee - AT
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