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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Addition on account of share capital and share premium - entries ...


Income Additions Confirmed Due to Unverified Share Capital and Premium Entries from Paper Companies, Lacking Creditworthiness Evidence.

December 29, 2019

Case Laws     Income Tax     AT

Addition on account of share capital and share premium - entries had been taken from paper companies and Credit worthiness of the Parties as well as the genuineness of the transaction had not been discharged by the assessee - additions confirmed.

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