Addition u/s 68 - allegation that bogus share application money ...

Section 68 Addition Overruled: Assessee Proves Genuine Share Application Money with Documentary Evidence, AO's Claim Dismissed.

March 7, 2020

Case Laws Income Tax AT

Addition u/s 68 - allegation that bogus share application money received from various paper companies - Addition made by the AO based on the statement of alleged entry provider which was recorded by the Investigation Wing, Mumbai was not found sustainable when the assessee produced all the documentary evidences to discharge its onus to prove the transaction - AT

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Addition u/s 68 - allegation that bogus share application money ...

Section 68 Addition Overruled: Assessee Proves Genuine Share Application Money with Documentary Evidence, AO's Claim Dismissed.

March 7, 2020

Case Laws Income Tax AT

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