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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Unexplained share capital/share application money - When the ...


Unexplained Share Capital Deemed Bogus Without Genuine Source or Substantial Evidence Against Tax Authorities' Findings.

August 17, 2015

Case Laws     Income Tax     AT

Unexplained share capital/share application money - When the source of the impugned amount is itself bogus, the net result cannot be genuine unless and until, positive material is brought on record to contradict the finding of the Department - AT

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