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Income Tax - Highlights / Catch Notes

Home Highlights November 2022 Year 2022 This

Addition u/s 68 - unexplained cash credit - Share premium ...

Case Laws     Income Tax

November 6, 2022

Addition u/s 68 - unexplained cash credit - Share premium received from foreign investor - Revenue ought not to have simply pushed the entire burden on to the assessee to provide the details and documents of foreign share holders, particularly when the CBDT empowered them to make independent enquiries from them. - AT

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