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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Issue of share capital – camouflage transactions / accommodation ...


High Court Examines Share Capital Transactions: Assessee Fails to Prove Applicant Identity and Transaction Genuineness Under Tax Laws.

December 2, 2013

Case Laws     Income Tax     HC

Issue of share capital – camouflage transactions / accommodation entries - Assessee has not been able to discharge the initial onus and has not been able to establish the identity, creditworthiness of the share applicants and the genuineness of the transaction - HC

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