Addition u/s 68 - share capital and share premium - any addition ...

Income Tax

May 18, 2021

Addition u/s 68 - share capital and share premium - any addition which deserved to be made should have been made in the hands of the share applicants who have shown their source of source as sale of shares of these companies or alleged accommodation entries. Whether the assessee has discharged the burden cast upon it by the provisions of section 68 of the Act or not is purely a question of fact and has to be decided on the facts of each case and, therefore, no judicial decision has been considered on the peculiar facts of the case in hand. - Additions deleted - AT

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Addition u/s 68 - share capital and share premium - any addition ...

Income Tax

May 18, 2021

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