Addition u/s 68 - share premium money - the assessee has ...

Assessee clears burden u/s 68; lack of cross-examination leads to deletion of additions.

January 29, 2021

Case Laws Income Tax AT

Addition u/s 68 - share premium money - the assessee has discharged the onus cast upon it by filing the necessary documents before the AO as well as CIT(A). Moreover in absence of cross examination of the persons whose statements were relied by the AO, the addition can not be made in view of the fact that specific prayers to the AO to this effect were made before the AO. - Additions to be deleted - AT

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Addition u/s 68 - share premium money - the assessee has ...

Assessee clears burden u/s 68; lack of cross-examination leads to deletion of additions.

January 29, 2021

Case Laws Income Tax AT

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