Addition u/s 68 - unexplained cash credit - Share premium ...

Revenue Missteps: Burden Misplaced on Assessee for Foreign Shareholder Details in Section 68 Case.

November 6, 2022

Case Laws Income Tax AT

Addition u/s 68 - unexplained cash credit - Share premium received from foreign investor - Revenue ought not to have simply pushed the entire burden on to the assessee to provide the details and documents of foreign share holders, particularly when the CBDT empowered them to make independent enquiries from them. - AT

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Addition u/s 68 - unexplained cash credit - Share premium ...

Revenue Missteps: Burden Misplaced on Assessee for Foreign Shareholder Details in Section 68 Case.

November 6, 2022

Case Laws Income Tax AT

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