Section 68: No Double Taxation on Unexplained Investments for Both Investor and Investee Companies Under Income Tax Act.

Addition u/s 68 - Once addition is made in the hands of the investor company for this reason that the source could not be explained by the investor company, it cannot be said that the amount of same investment is belonging to the investee company and addition cannot be made again in the hands of the investee company. - AT .....

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