Addition u/s 68 - unexplained share capital received by the ...
Income Tax
October 17, 2023
Addition u/s 68 - unexplained share capital received by the assessee - Even if the directors of the subscriber companies have not come personally in response to the summons issued by the AO, in our view, adverse inference cannot be taken against the assessee solely on this ground as it is not under control of the assessee to compel the personal presence of the directors of the shareholders before the AO. - AT
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