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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Addition of unexplained cash credit u/s 68 - whether nature and ...


Section 68 Cash Credit: Court Finds CCPS Transaction Explanation Adequate, Supports Company's Position on Investment Genuineness.

February 24, 2017

Case Laws     Income Tax     AT

Addition of unexplained cash credit u/s 68 - whether nature and genuineness of the transaction of investment of Compulsorily Convertible Preference Shares ("CCPS") in the assessee Company is explained - Held Yes - AT

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