Addition u/s 68 - share capital issued at the premium - ...

Assessee Proves Legitimacy of Share Capital u/s 68, Invalidating Claims of Bogus Commission Expenses.

September 15, 2022

Case Laws Income Tax AT

Addition u/s 68 - share capital issued at the premium - unexplained cash credit - Assessee has fully discharged its onus cast under section 68 of the Act and proved the genuineness of the credit of the share capital and premium in its books of account. Once the transaction of share capital and premium thereon held to be genuine, there is no question of any commission expenses for getting alleged bogus entry on account of such transaction. - AT

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Addition u/s 68 - share capital issued at the premium - ...

Assessee Proves Legitimacy of Share Capital u/s 68, Invalidating Claims of Bogus Commission Expenses.

September 15, 2022

Case Laws Income Tax AT

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