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2012 (7) TMI 305 - AT - Income TaxAddition u/s 68 - unexplained share application/capital - Assessing Officer received information from the Investigation Wing, Delhi stating that the assessee had taken accommodation entries by obtaining/arranging bogus documents etc. and thereby introduced its own unaccounted money in its account - Assessing Officer reopened the case under section 147 of the Income Tax Act – Held that:- Assessee has produced the names, address, PAN account details and affidavit, resolution of the Board of Directors and also the necessary documents failed before the Registrar of companies for the purpose of making investment in the share of the assessee company by the applicant companies –CIT(A) deleted the addition – In favor of assessee
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