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Income Tax - Highlights / Catch Notes

Home Highlights January 2024 Year 2024 This

Addition u/s 68 - AO was not satisfied with the source of source ...

Income Tax

January 27, 2024

Addition u/s 68 - AO was not satisfied with the source of source aspect of the investors - The Tribunal agreed with the CIT(A)'s findings that the assessee company had discharged its onus under Section 68 by proving the nature and source of the share capital and share premium received from its directors, shareholders, and their relatives. - AT

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