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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Addition u/s 68 - Assessee himself routed his funds through ...


Assessee Fails to Prove Investor Identity, Funds Routed Through Companies Under Scrutiny in Section 68 Addition.

September 21, 2012

Case Laws     Income Tax     AT

Addition u/s 68 - Assessee himself routed his funds through these companies. - Assessee could not rebut the same by bringing any positive material on record to substantiate the identity and authenticity of investors. - AT

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