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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Addition u/s 68 - increase in share capital - assessee has not ...


Assessee Proves Shareholder Creditworthiness; No Addition u/s 68 of Income Tax Act Required.

June 23, 2016

Case Laws     Income Tax     AT

Addition u/s 68 - increase in share capital - assessee has not only proved the creditworthiness of the said share holders but also proved the source of the source, for which though no onus lie on him - No addition - AT

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