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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Addition u/s 68 - Addition made towards share premium - ...


Share Premium Addition: Assessing Officer of Applicant Companies Responsible for Creditworthiness, Not Assessee's Officer.

December 11, 2018

Case Laws     Income Tax     AT

Addition u/s 68 - Addition made towards share premium - creditworthiness of the share applicant companies would have to be examined by the AO of those companies and not by the Assessing Officer of the assessee herein.

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