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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Unexplained credits u/s 68 - share application money - share ...

Income Tax

August 2, 2019

Unexplained credits u/s 68 - share application money - share applicants are traceable by way of PAN, ITRs, Bank accounts and are also responding to the notices u/s. 133(6) then it is for the AO to bring on record the material in the form of extra premium paid to the assessee for the shares and that the case was deposited prior to issuance of cheques - nothing has been done - no addition

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