Long-Term Capital Gains Based on Sale Deed Value; Bonus Shares Not Taxed Under Section 56(2)(vii)(c); Section 54F Deduction Allowed for One Property O...
No Additions Needed for Share Application Money u/s 68: Examined Unexplained Cash Credits from Previous Years.
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Income TaxFebruary 13, 2019Case LawsAT
Unexplained cash credit u/s 68 - share application money - amount was received during the earlier years - entries made during the current year for converting deposits into share application money - No additions.