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Income Tax - Highlights / Catch Notes

Home Highlights June 2021 Year 2021 This

Unexplained share application and Share Premium - Addition u/s ...

Income Tax

June 7, 2021

Unexplained share application and Share Premium - Addition u/s 68 - The assessee had discharged its onus to prove the identity, creditworthiness and genuineness of the share applicants. The PAN details, bank account statements, audited financial statements and Income Tax acknowledgments were placed on AO's record. - No additions - AT

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