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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Additions u/s 68 - discharging the onus in establishing the ...


Court Rules Against Assessee; Section 68 Additions Sent Back to ITAT for Re-evaluation on Shareholder Credibility.

December 13, 2013

Case Laws     Income Tax     HC

Additions u/s 68 - discharging the onus in establishing the identity of the shareholders, their creditworthiness and genuineness of the transactions - While deciding the question of law against the assessee, matter remanded back to ITAT for fresh decision. - HC

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