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Income Tax - Highlights / Catch Notes

Home Highlights November 2020 Year 2020 This

Unexplained share capital - share premium and share application ...

Income Tax

November 23, 2020

Unexplained share capital - share premium and share application money - Ld.CIT(A) has noted as assessee has filed the confirmation letters, copies of ITRs, copies of bank statements of five parties, who invested share capital. Besides, the assessee has filed the allotment letters, returns as filed with the AO along with Board’s resolution for allotment of shares - No addition could be made - AT

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