Addition u/s 68 - share application money alongwith premium - in ...

Section 68 Contested: No Dubious Transactions Found, Investors Responded, No Income Addition for Assessee.

August 30, 2019

Case Laws Income Tax AT

Addition u/s 68 - share application money alongwith premium - in response of the AO notices u/s 131/133(6) all investors having replied and support of the correctness of the share application money - there is no evidence on record which could suggest that any of the assessee’s eleven investor had been having any dubious transactions in their accounts - no addition

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Addition u/s 68 - share application money alongwith premium - in ...

Section 68 Contested: No Dubious Transactions Found, Investors Responded, No Income Addition for Assessee.

August 30, 2019

Case Laws Income Tax AT

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