TMI BlogAddition of undisclosed income u/s 69B - purchase of share from its directors and their closely held...Addition of undisclosed income u/s 69B - purchase of share from its directors and their closely held companies - nothing on record would demonstrate any exchange / flow of funds, out of books, between the assessee and the sellers - in the absence of any evidences establishing receipts & payments outside regular books of accounts, the provisions of Section 69B could not be invoked - addition deleted ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
