ITAT Deletes Additions u/s 68 Due to Doubts Over Transaction Genuineness Involving Shareholder Cash Transfers.

Additions made u/s. 68 - main reason for making the addition was that the shareholders have deposited cash in some other bank account which have come to the depositors with banking channel, and then transferred to assessee thus the genuineness of the transactions was doubted - ITAT deleted the additions .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X